Saturday, May 19, 2007

Here Come The Homies

The other day we had the economic report regarding the lowest number of building permits being issued in 17 years. I said - that's the bottom - apparently a lot of hedge funds read me because -

XHB

That's the homie sector ETF and, yes that's a cross over. What I like about this cross over and I don't like about the one several days ago on 05/09 is that this one was preceded by a BOB formation too. And that is an excellent entry into the cross over.

Here's a couple of builders and guess what


And my favorite - DHI


I'm not suggesting that you run out and get some - but I'd certainly keep an eye on XHB for awhile and if you get a weekly cross you might want to get real re: real estate.
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