$XHB homebuilders chart update |
This post is a update-to-the-updated XHB | SPDR homebuilders ETF post(s).
The point of this post is to show how the street is usually wrong.. the XHB has been one of the best performing ETF’s all year with a over 50% return in 2012 despite all the bashing, hatred and doom.
Anyway looking at the 27 level as resistance due to the fact 27 was the pre-market high for the ETF today as well as month high. 27.06 is 2012 high. over 27 we could be looking at 30 into 2013.