Tuesday, October 21, 2014

Homebuilder Update (Start Shorting Again)


investmentresearchdynamics.com / by David Kranzler / October 20, 2014
The homebuilder stocks had a steep sell-off that occurred the week of October 6.  It culminated a move lower that started the first of week of July when the Dow Jones Home Construction Index (DJUSHB) topped out at 520.  From that top to the low of 428 on October, the DJUSHB dropped 17.6%.   In that same time period, the S&P 500 dropped only 2%.  There’s a message there…


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