D.R. Horton, Inc.
Singkat

Possible Retracement in Homebuilder Sector

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


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PHM

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This seems to coincide with the US 10-year yield rebounding aggressively from the low of 2.51% to 2.751%.
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We are also seeing a sharp decline in building permits, with a double top forming.
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There's a sharp decline in median new home sales price as well
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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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