We think the homebuilders, which are oddly rallying on the Fed rate cut/market sell-off duality, are moving into shortable range. The group chart below shows six of our favorites here as they rally up into resistance. Specifically, we see DHI at the 50-dma, LEN at the 20-dema, and TOL at the 200-dma. Use the nearest upside moving average as a covering guide. We are working positions in any of these today on the short side.
Short-Sale Set Up - Homebuilders 3/3/20
|Published:||3 Mar 2020 13:19 ET|
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