If this index can sustain the gains, it should help the RUT regain it's strength. The DJ Homebuilders Index was up 13% today, the PHLX was up over 8% -- HUGE!
$HGX Homebuilder Index:
Thursday, December 6, 2007
Homebuilder Index Breakout
Last week we posted a chart showing the potential for a relief bounce in the homebuilders sector index. The break of the descending trendline was confirmed today.
If this index can sustain the gains, it should help the RUT regain it's strength. The DJ Homebuilders Index was up 13% today, the PHLX was up over 8% -- HUGE!
$HGX Homebuilder Index:
If this index can sustain the gains, it should help the RUT regain it's strength. The DJ Homebuilders Index was up 13% today, the PHLX was up over 8% -- HUGE!
$HGX Homebuilder Index:
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