Home Builders Fire Up | Greg Schnell, CMT | Market Buzz (08.26.20)

Some home builders have been making new highs recently. Greg works through the home construction charts as well as the home improvement retailers with some wonderful lessons for investors. Many times industry groups will mark their highs together. By sorting the stocks into industry groups, you can get a better feel for the entire group, just by watching the price action of the peers. This unique information is displayed within the home builders. Secondly, many of the charts are trying to break through prior highs. The value of that knowledge is explained and what we need to see for the rally to keep going. Lastly, the ability to identify leaders is so much easier using the SCTR rankings and that comes out in this detailed presentation.

Thank you for sharing: