Are US Homebuilders pointing to further downside risks?

  • The US Homebuilders ETF (XHB US Equity) has broken a major trendline from 2016 lows
  • In light of rising US rates, a weaker housing market and overall US equity weakness, the US Homebuilders ETF seems ripe for lower levels
  • Trade idea: Short XHB US Equity with a target range between 35 – 36 USD