Why McCullough Bought the Damn Dip in Housing $ITB

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Shares of DR Horton (DHI) dropped 9% yesterday. The home construction company said margins took a hit as a result of rate buydowns, which provide home buyers lower mortgage rates for a period of time.

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Комментарии
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It's still dipping😢. I own Lennar, it's not a good day....

paulsommerhalder
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The chart for ITB looks like Wyckoff Distribution. I would short that to $90.

qphive
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Hmm. You bought itb on the dip? It is close to it's six month high.

onechangethebetter
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You guys might want to learn how to read a chart. Besides housing has way more headwinds than you guys seem to understand.

lavishvegas