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iShares U.S. Home Construction ETF
Short

$ITB Homebuilders inside week at resistance..could collapse soon

72
Looks like it could bomb from here. Permits looked ok last week but permits do not mean the thing will be built and considering 20% unemployed in the near future I think you might reconsider moving forward with building new in an already overbuilt environment. I don't think the market it pricing this in at all.
fallingumbrellaman
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Chart PatternsTechnical IndicatorsTrend Analysis
fallingumbrellaman
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.