XHB / Homebuilders starting to look good. Potential C&H pattern forming. Some bullish divergence as well.
The headlines are headwinds, then tailwinds, then headwinds all over again. The stock market ominously pulled back from overbought again. "An Overbought Threshold Rejects A Stock Market With Crossed Signals" drduru.com $SPY $QQQ $IWM #AT40 #T2108 #VIX $BA $TOL $BBY $AZO $MNRO $ULTA $AUDJPY #forex
Basic Prediction using Fibs and channels. PT in the 56-58 range.
Looking at this tending chart its easy to see that TOL has has a nice run as of lately. With a lack of liquidity for new home buyers in current markets, home builders have been seeing substantial upside in their businesses. TOL is expected to beat earnings, may be a good run to the upside. Please invest at your own risk, I'm not a professional nor do I claim...
Aiming to enter a new monthly uptrend, planning on a move to the 40$ area and uptrend to 47$-52$ area, resting area and a release of all the stored accumulation energy to the 3 digits prices.
If TOL gaps below 34.99 consider using the Retest Gap strategy. If it gaps above 38.19 consider using the Perfect Gap N Go strategy but watch out for a pivot point at 38.96. To get a free and complete trading education go to www.RealLifeTrading.com
TOL expected to open at 38.64 for a Perfect Gap N Go. To learn this strategy for free go to www.RealLifeTrading.com