Homebuilders Extend Downtrend on Taper Concerns

November 01, 2013

By Knowledge Leaders Team in Uncategorized

US homebuilders are back under pressure today as fears over Fed tapering are renewed.

Our relative strength point and figure charts show a group that has rolled over and is in the early stages of a downturn. It is quite possible the homebuilders retrace the entire move off October 2011 lows. Charts are below.

Tags > homebuilders

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