Homebuilder stocks and the S&P 500 ( SPX / ES1! ) have been diverging since April.
With the S&P finally pulling back as of last week, is it now time for the S&P 500 ( SPX / ES1! ) to head the direction of homebuilder stocks?
With the S&P finally pulling back as of last week, is it now time for the S&P 500 ( SPX / ES1! ) to head the direction of homebuilder stocks?
Note
Homebuilder stocks continue to deteriorate while the S&P continues its uptrend.Have no idea how long this can last, but will wait until a definitive change in direction before taking the short trade.
Note
Homebuilders still downstrending. When will the S&P start going down?
Note
Further deterioration in homebuilder stocks while the S&P continues its uptrend.
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Plan your trade and trade your plan.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.