Category Archives: ETFs

Demolish the Homebuilders

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There are a slew of ETFs which look to me like beautiful bull traps; in other words, the bidding-up that took place on Friday and today is simply pushing them unwittingly into the fierce maw of the ursine set. One fine example is the homebuilders ETF, shown below, whose horizontal I’ve put at the price level $30.97.

0811-xhb