XHB, ITB At/Near Fresh Highs – Tend To Track Builder Sentiment, Hence Worth Watching

posted in: Economy, Equities, Technicals | 0

Homebuilder-focused ETF’s are at/near record highs.  Momentum is intact, but builder sentiment – also at multi-year highs – is worth watching. Homebuilding stocks are on fire. XHB (SPDR S&P homebuilders ETF) is already up 5.6 percent for the year.  Monday, … Continued

End-March short interest: Indices flat, lots of changes industry- and sector-wide

posted in: Equities | 0

Short interest as of the end of March was flat on an index level, but action was hot and heavy on an industry/sector level. On the NYSE, short interest was 15.68 billion, down from 15.69 billion two weeks ago.  On … Continued

Homebuilder stocks betting new households will start owning more than renting

posted in: Economy, Equities | 0

U.S. household formation surges 1.8mn in four months to December Homebuilder sentiment drops to four-month low in Dec, but stays elevated ITB priced for reversal in years-long trend of renting versus owning – not a base case There are good … Continued

ITB close to breaking crucial support

posted in: Economy, Equities, Technicals | 0

U.S. home builder sentiment chirpy, near multi-year highs Just a matter of time before sentiment follows home sales/starts lower Stocks follow builder sentiment; ITB perilously close to breaking crucial support Hope springs eternal.  U.S. home builders are an optimistic bunch.  … Continued