Suggested to buy Homebuilders last Friday morning due to the Power of the Patter (Falling wedge, rising channel support and more). XHB is now up over 7%!
Homebuilder ETF XHB is climbing out of the basement as it is breaking above support and a bullish falling wedge. The breakout is a BIG positive at (2) in the chart below! After falling 30%, this ETF now has some room to run.
Game Plan… Place a trailing stop 4% below current prices.