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The headlines haven’t been great over recent days, yet homebuilders is nearly back to its recent high. The SPDR S&P Homebuilders ETF (XHB) is a whisker below the 52-week high set in early April. According to our “U.S. Market Trading Map”, there could be more gains ahead for the ETF. Below is an update look at a trade in XHB.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red. The yellow bars identify period of neutral or sideways trading pattern. Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading). Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.

HomebuildersETF_20170612

Chart 1.2 – SPDR S&P Homebuilders ETF (daily)

Our “U.S. Market Trading Map” painted XHB bar in bright green (strong buy). Last week’s outperformance pushed XHB up against key technical level at the April high. Money Flow measure is most above the zero line since the ETF reached an interim low in April, indicating…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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