By Jeff Pierce
I want to start a new section on zentrader where I go back and look at past calls (good or bad) as a way to connect insights and analysis. Often times I make calls and even forget about what I said until a reader brings it up and I’m hoping to add additional analysis about that sector or stock going forward.
Original post on XHB, HOV, RYL – Thoughts on Housing Sector Charts
Going forward I expect XHB to pull back to $24.88-25.10 range. If that happens:
- RYL will be a strong buy in the range of $30.75 – 31.25 and
- HOV at $4.51 – 4.75.
Trading bias is bullish/neutral, meaning you should only be long or flat this sector as the long term trend remains up. Shorting is going against the major trend and very dangerous.
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