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Joe Fridays “Just The Facts”…. Homebuilder ETF (XHB) has doubled the S&P 500’s performance since the October lows and now the Dow Jone Home Construction Index finds itself at the top of sideways channel and up against falling resistance.
The action in the Home Builders sector has been a real positive for broad market and could well be a bright spot in the economy. Joe suggests to keep a close eye on what they do at this key price point.