Then, Commercial Battles At Trendline

As of this post, D. R. Horton is down about -10.5%, in early trading.

Evidently, the market did not like the earnings release.

It’s too late to position for downside in DHI; are there other opportunities?

Let’s look at the commercial sector, IYR

Real Estate, IYR, Daily

Reference the last post (and others) for an overall view.

We’re still in the possible ‘throw-over’ discussed in this update.

Positioning:

Noted in the sidebar, (trade) action has already been taken:

DRV-24-06: Entry at 24.22, Stop @ 23.88, ‘risk’ 0.34-pts (not advice, not a recommendation).

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279