Homebuilders Remain Vulnerable

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One of the very few bright spots for me today was Ryland, shown below, which is a homebuilder. As interest rates continue to creep up, real estate and related industries are looking increasingly prone to slippage. I’ve tightened up my stop to 41.56 and could see this getting to the mid- or lower-30s in the next couple of months.

0801-ryl