Buy a House?

By -

Far be it from me to suggest a long idea, but I’ll mention that the homebuilding sector might be short-term oversold and present a quick trading opportunity on the long side. I present to you symbol IYR:

IYRSS

If you’re in the mood to buy stuff that’s been badly sold off lately, here’s another (semiconductors):

SMHLONG

To be clear, I’m not touching any of this stuff. By the way, XRT looks interesting too, but I’m not going to bother pasting another chart.