Leading Sector Creates Monster “Engulfing Bearish” Pattern This Week!

Home construction stocks have been pretty hot of late and reflecting big time relative strength compared to the S&P for the past two months.

itblargeengulfingbearjan15

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Home construction stocks have been pretty hot of late and reflecting big time relative strength compared to the S&P for the past two months.

Home Construction ETF (ITB) rallied to the highs of last year and this week is creating a BIG engulfing bearish pattern at these highs. 

What this sector does could be sending a key message to the broad markets. 

Stay tuned to how this sector does for big picture clues

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