It's a journey, not a destination

The S&P Homebuilders SPDR ($XHB) is poised for potential swing trade buy entry as we enter the new year. Here is technical analysis of the setup...

The stock market bounce of Nov. 19 caused S&P Homebuilders ETF ($XHB) to rally into resistance, creating an ideal short sale swing trade setup. Take a look.

Since the stock market formed at least a near-term bottom in mid-November, the strongest ETFs in the US markets have been international ETFs. Specifically, a majority of emerging markets Asian ETFs, including China ($FXI), Thailand ($THD), Philippines ($EPHE), are all trading at fresh 52-week or multi-year highs, even as the S&P, Nasdaq, and Dow struggle…

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