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.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past