Suggested to buy Homebuilders ETF (XHB) due to the bullish falling wedge and key channel support at the end of August, at price point (1) in the chart below. (see post here).
CLICK ON CHART TO ENLARGE
The Dow has rallied almost 1,500 points since the time it was suggested to buy homebuilders at (1). The economy looks a little better 4 months later! Most investors didn’t care too much for homebuilders at (1) and suspect this still isn’t a favored category, yet from a price standpoint, breaking above line (2) would be a HUGE PLUS for this ETF!
Game Plan…Want to be a buyer of XHB on an upside breakout!!!
TUR may actually be a short-term buy in the next day or so if it bounces off falling resistance and oversold consitions at about 61
is there someone impersonating me?
Yes Turkey has fallen very hard. Thanks goodness for harvesting. See this post per Turkey…Took Profits on it.
https://www.kimblechartingsolutions.com/2010/10/pocket-change-gains-taken-on-1019/
Chris: have made good $ with XHB both up and down the last couple years. Love this call too. Would you call a break out above $18/sh or somewhere lower?
I suggested to buy materials (XLB) while you guys were chasing Turkeys (TUR). How about you put your INCORRECT projections up here? Turkey is a flop.