FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***HGX & DJUSHB, a lot of market participants were calling at least short-term bottoms on the homebuilders after yesterday's candlestick, nice hammer with a tail... but look at how they're going to close today, currently -1.75% and -2.20% respectively...

On a side note, even if the HGX & DJUSHB did put in some type of "bottom" yesterday, it'd probably only allow for the homebuilders to test their head & shoulders neckline breakdown from earlier in the month...

So I wouldn't see it as a significant type of reversal...