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Homebuilders Look Terrible

The homebuilding sector looks like it could be entering a Stage 4 decline.  XHB has been underperforming the S&P 500 since early 2013, and has broken down below the 30-week moving average decisively.  Individual homebuilder names like KBH, BZH, DHI are also breaking down below their 30-week moving averages.

xhb

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