A Guide To American Houses

Now that the FED is out of the way, lets look at a couple of related ETFs, first up is Homebuilders etf (XHB).

Note the bull trap last month. Now its possible that the 6-months symmetrical triangle is close to another breakout with no bull traps (god willing). Target is $35.

xhb

Here on the Home Construction (ITB) we have a continuation H&S bottom pattern that is almost complete with a neckline at 23.90. Interestingly the right shoulder has morphed into an ascending triangle giving the pattern some more power to break out. Target is $26.50.

itb

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