Hey 5-Star Trader,
With every trade comes risk, but as you know, some are much riskier than others. Now that the market is currently trading sideways, some traders are at a loss of where their next move should be. My suggestion is to keep your eye on Homebuilders.
The homebuilder’s sector has been on fire but for some reason, it often flies under the radar. Speaking from personal experience, my sister, brother, and I all bought houses last year and the market for homes has only continued to get hotter! There has been an explosion of demand from the work-from-homers and there simply not enough houses on the market to keep up. The fundamentals and technicals support the trades, plus a pullback could make for solid entry.
Which names do I like?
Right now, a few names I’m watching include XHB, DHI, TOL, and KBH.
Due to the nature of the market right now, these names are probably best played if held for a bit, but I am spying a great opportunity here and especially if you are able to take advantage of a market pullback!
Taking a Look at Homebuilders
Hey 5-Star Trader,
Hey 5-Star Trader, May is seasonally a weak month for the market and the media likes to blame different things for its poor performance. Lately, they’ve named the fear of inflation as the latest culprit. Yes, there are some legitimate fears of inflation, especially with the excess money printing thanks to several stimulus checks, but there … Read moreRead More
Hey 5-Star Trader, “Tuesday Trade” Journal: One of the most important concepts in trading is to review your work, and learn from the good and the bad. Identifying what is working is critical — to do more of it. So, to lead by example, each Tuesday, you’ll get a trade from my trading journal, in … Read moreRead More
Hey 5-Star Trader, Recently, Dogecoin has been making headlines as its value continues to spike, leaving Wall Street in awe. Are we on the cusp of a trading revolution? Is history repeating itself? At the beginning of this year, we saw a major market shift in favor of Gamestop (GME). Previously, it was a dying … Read moreRead More
Want to walk the path to trading success together? Join Danielle’s “Five Star Trader” E-Letter for market insights, tips, tricks, and special bonuses.Sign Up Now
Check Back for Upcoming Dates