Jul. 12 at 11:41 PM
Opportunities Following The End Of The Worst Seasonal Trade For Home Builders
https://seekingalpha.com/article/4800524?gt=3156a7bf74f29010
* Home builders suffered historic underperformance versus the S&P 500, but recent technical breakouts signal a potential bearish-to-bullish reversal for ITB.
* Falling mortgage rates and improving technicals support a tactical rebound in homebuilder stocks, with ITB and select names like TMHC and LEN showing upside potential.
* TMHC's breakout above its 200DMA, LEN's basing pattern, and CCS's reversal offer attractive entry points, though LEN is treated as a shorter-term trade due to weaker fundamentals.
* Wildcards remain: affordability, inventory, and builder sentiment could limit gains, but a short-term trading opportunity exists as the outlook shifts from bearish to neutral/bullish.
$ITB $XHB $CCS $LEN $TMHC #homebuilders
