Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>homebuilders rising in a rising rate environment?<<

I started to rebuild a trading short position today. It looks like a set-up to me. HB's have been weak relative to the market today. I would think that 'smart' money would start lightening up with rising rates. The index is butting up against resistance. Makes for a tight stoploss. Careful, BZH reports Friday. The way BZH is priced I think we may see a 'sell the news'. I won't be short BZH but will some others.
Last quarter BZH showed new orders up just 2.9%(as I recall). Orders down in 3 of 4 regions.