The charts on the homebuilders are stretched and 
TOL looks to be putting in a top here after 5 waves up. Interest rates are cruising higher and there is no reason the builders should be flying this high.
TOL looks to be putting in a top here after 5 waves up. Interest rates are cruising higher and there is no reason the builders should be flying this high.Note
it bounced more than I thought it would but still setting up a top here...
LEN looks more like a true head and shoulders at the moment
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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.