Sectors
Home Builders are a great example of why investors of all sizes should pay attention to TPA-RRG. Home Builders have been weak for a couple of weeks; witnessed by the sell rating in TPA for DHI on 9/12/23 and DHI and LEN in the Bottom 20 in the TPA-RRG reports.
Last week, the Homebuilder sector came in with the 3rd weakest rating of all sectors (a portion of the sector ranking below)…
All of this served as productive warnings to the readers of TPA-RRG that they should not be in or be reducing exposure to the Home Builders.
The Homebuilder ETF ITB recently broke its long-term uptrend and was down 6.75% in the past 2 weeks, while the S&P500 was only down 3.25%.
This week LEN, DHI, NVR, TOL, and PHM are in the Bottom 20 (charts below)
Click on either image below for the entire TPA-RRG Report!
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.
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