Homebuilders Opportunity

a close look at the XHB fund

Let's take a quick look at the homebuilders ETF, symbol XHB. As you can see, it fell steadily for weeks and has put in a partial recovery.

Longer-term, this modest top is within the confines of a multi-decade ascending price channel. In other words, there's a lot more downside than upside, if this pattern holds true.