Thursday, April 26, 2007

HomeBuilding Index Closes Above 50 Day Average



One of the strongest groups today were the Homebuilders (HGX). As you know they have been one of the weakest groups and I was looking to short them if they took out yesterday's low which never happened so no trade was made. Now you see why I like to sell weakness and buy strength for my entry points, it keeps me out of trouble!

Posted by Kevin

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