Tuesday, August 15, 2006
Sector Spotlight: Homebuilders
Today, we received better than expected inflation data. Naturally, as a result, we are off to the races-- as the market prices in life without the Fed. Moreover, if the Fed is done, then the no brainers to go up SHOULD be the banks, brokerages and homebuilders.
Unlike yesterday, I feel today's run-up may last, as short sellers run for cover and institutions feel comfortable to put some cash to work.
As always, be on guard for any reversal in the Trannies, SOX, Homebuilders or the Banks and Brokerages. Should any of those sectors go red, today's rally may quickly unravel.
NOTE: I do not own any homebuilders. However, since this sector has been under direct fire from the Fed, I thought it may be worth a look-- considering the Fed may be dormant for awhile.
The following stocks seems to have some mojo:
WCI +4.5%
GVA +3.8%
TOA +3.2%
CHB +2.75%
UFPI +2.7%
BECN +2.5%
HMX +2.5%
MTH +2.4%
HOV +2.0%
WLT +1.8%
Unlike yesterday, I feel today's run-up may last, as short sellers run for cover and institutions feel comfortable to put some cash to work.
As always, be on guard for any reversal in the Trannies, SOX, Homebuilders or the Banks and Brokerages. Should any of those sectors go red, today's rally may quickly unravel.
NOTE: I do not own any homebuilders. However, since this sector has been under direct fire from the Fed, I thought it may be worth a look-- considering the Fed may be dormant for awhile.
The following stocks seems to have some mojo:
WCI +4.5%
GVA +3.8%
TOA +3.2%
CHB +2.75%
UFPI +2.7%
BECN +2.5%
HMX +2.5%
MTH +2.4%
HOV +2.0%
WLT +1.8%
Comments:
Post a Comment
<< Home
<< Home
