It May Be Time To Get Behind The SPDR S&P Homebuilders ETF (NYSE:XHB)
The SPDR S&P Homebuilders ETF (NYSE:XHB) bottomed in March 2009, and then consolidated until breaking out in March of this year from $17 to over $20, following a period of heavy accumulation. The recent market sell-off gives buyers an excellent opportunity to buy (XHB) at just below the March breakout point. The target for a trade is $19, but if the housing market turns, the longer-term return could be much higher,” Sam Collins Reports From Options Zone.
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
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Here are some more details on the the SPDR S&P Homebuilders ETF (NYSE:XHB) including a list of some of the components within the ETF below:
SPDR S&P Homebuilders ETF (NYSE:XHB)
The investment seeks to replicate, net of expenses, the S&P Homebuilders Select Industry Index. The fund will invest at least 80% of assets in securities that comprise the index. The index represents the homebuilding sub-industry portion of the S&P TMI.The fund is nondiversified.
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