Homebuilder stocks like
D.R. Horton and
TOLhave retraced about 5% yesterday, right at the long-term resistance level.

PHM

This seems to coincide with the US 10-year yield rebounding aggressively from the low of 2.51% to 2.751%.

We are also seeing a sharp decline in building permits, with a double top forming.

There's a sharp decline in median new home sales price as well

All of these are pointing toward a potential decline in the housing market that has been running rampant since 2020.
While Homebuilder stocks have declined greatly YTD, the recent rally in the last month may provide us with a new shorting opportunity.
Please do your own due diligence.
We hold no short position in this sector currently. We may or may not in the future.
This seems to coincide with the US 10-year yield rebounding aggressively from the low of 2.51% to 2.751%.
We are also seeing a sharp decline in building permits, with a double top forming.
There's a sharp decline in median new home sales price as well
All of these are pointing toward a potential decline in the housing market that has been running rampant since 2020.
While Homebuilder stocks have declined greatly YTD, the recent rally in the last month may provide us with a new shorting opportunity.
Please do your own due diligence.
We hold no short position in this sector currently. We may or may not in the future.
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Join our telegram channel to receive free analysis videos and timely analysis updates.
t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
Our Patreon link
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t.me/joinchat/AAAAAEpysoIiZLpAi-2kTA
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.