I’m not a big fan of bottom picking, but the homebuilders sector caught my eye while running some bullish scans tonight.

BZH and PHM look to be establishing a bottom technically and with modest accumulation coming in from a volume standpoint, one may want to start nibbling on the long side if your timeframe is much longer than mine. While I remain bearish on the general markets, this sector will be one to watch from here on out to see how it handles any corrections.

[ad#ad-1]

Leave a Reply

You must be logged in to post a comment.