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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: J. P. who wrote (1993)2/28/2002 1:16:46 PM
From: J. P.Read Replies (3) of 306849
 
I wouldn't go shorting these homebuilder stocks right now. LEN and KBH are textbook bullish patterns for breakout stocks making new highs. Their charts are very bullish, in fact they may be buys here. But do your own due diligence and past performance is no guarantee of future success, etc., etc,

The LEN weekly chart shows a very strong uptrend (short this right now at your own peril, look at that MACD crossover)

stockcharts.com[h,a]waclyyay[pb5!b20!f][vc60][iUb14!La12,26,9]&pref=G

The KBH chart, a thing of beauty if you're bullish on it. Breaking into new highs and held support at the 50DMA and 200 DMA despite a fairly brisk market selloff("cup with handle", double bottom, breakout with supporting volume, MACD crossover, I could go on and on).

stockcharts.com[h,a]daclyyay[pb5!b20!f][vc60][iUb14!La12,26,9]&pref=G

TOL, same thing, nothing but bullish:

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