07 Dec

Materials Sector WOOD & Homebuilders Sector ETF XHB – Video Analysis

December 7, 2021

WOOD & XHB ETF trader tip: Using the charts, Chris Vermeulen at The Technical Traders goes over the Materials ETF WOOD and the Homebuilders ETF XHB. WOOD has had a very strong run from the covid lows and has been flagging sideways for a good chunk of this year, really forming what looks to be a big basing formation.

XHB has been performing exceptionally well over the last month and a half. It had a fairly minor pullback and started to reverse back up to the recent highs. Based on the charts, we have a potential for about a 14% rally, if the stock market can find a bottom and start to rally and continue to extend into the end of the year.

TO LEARN MORE ABOUT WOOD & XHB ETF – WATCH THE VIDEO

Subscribers: Please let us know what you would like to learn and we will add it to the roster of our weekly Technical Trader Tips!

Non-subscribers: Please enjoy these micro-lessons as a way to further your education and understanding of how a technical trader…well…trades!

TO EXPLORE THE DIFFERENT TRADING STRATEGIES CHRIS OFFERS, PLEASE VISIT US AT THE TECHNICAL TRADERS. YOU’VE GOT MORE TO GAIN THAN TO LOSE WHEN SEEKING INFORMATION!

Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.

Free Reports:

Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.

Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter

TheTechnicalTraders.com

Latest Financial Markets News:

Financial News Stock Market News

Risk Disclosure: Foreign Currency trading and trading on margin carries a high level of risk and can result in loss of part or all of your investment. Due to the level of risk and market volatility, Foreign Currency trading may not be suitable for all investors and you should not invest money you cannot afford to lose. Before deciding to invest in the foreign currency exchange market you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading, and seek advice from an independent financial advisor should you have any doubts.

All information and opinions on this website are for general informational purposes only and do not constitute investment advice.

InvestMacro

Materials Sector WOOD & Homebuilders Sector ETF XHB – Video Analysis

TO LEARN MORE ABOUT WOOD & XHB ETF – WATCH THE VIDEO

TO EXPLORE THE DIFFERENT TRADING STRATEGIES CHRIS OFFERS, PLEASE VISIT US AT THE TECHNICAL TRADERS. YOU’VE GOT MORE TO GAIN THAN TO LOSE WHEN SEEKING INFORMATION!