Posted by: union03g | January 3, 2010

Update: 3 Yr. S&P Homebuilders Chart with 200 EMA.

Here’s the trailing 3 year S&P Homebuilders (XHB) ETF with a 200 day EMA and its volume below. As you can see, XHB has been trading constantly above the moving average in 2009, a signal that real estate has improved and stabilized. I also like the decreased volatility over the past 6 months and the volume spike when investors felt the bottom.

Will XHB break out one way or the other in H1?   (click chart to enlarge)



Advertisements

Responses

  1. Now that’s the news I love to hear. We need stabilizatiion in real estate.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: