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Buzz and Banter


Sorry to be so scarce today but it's Monday you know. After last week's binge I'm determined to kick nuts this week. Ouch, see what happens when Toddo leaves for a few minutes? Of course I'm referring to pistachios and almonds, etc. Anyway, I did want to send out a quick heads up on the Homebuilders.

In point & figure land the Philadelphia Housing Sector Index (HGX) has given a sell signal on the 2-point chart. Meanwhile, the potential shakeout pattern for Beazer Homes (BZH: NYSE) failed today taking that stock back to a sell signal. It now joins fellow HGX components Centex Corp. (CTX: NYSE), Hovnanian Enterprises (HOV), M.D.C. Holdings (MDC: NYSE), Pulte Homes (PHM: NYSE), and The Ryland Group (RYL: NYSE) on point & figure sell signals.

KB Home (KBH: NYSE) and Lennar Corp. (LEN: NYSE) are also working their way toward sell signals, but haven't given them yet.
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