Homebuilding Stocks Love Lower Yields

Today the strongest group were the homebuilding stocks.. The HGX index was up 3.36% today and is at the top of a rising channel..Notice in the above chart as yields move lower the homebuilding stocks move higher.. The fact that yields just took out a key support level leads me to believe there is more upside ahead for this group of stocks.. Some of the strongest homebuilding stocks today are: PHM up 8.56%,MTH up 8.01%,HOV up 7.02% and BZH up 5.72%..