Homebuilding Sector Oversold

Far be it from me to suggest a long idea, but I’ll mention that the homebuilding sector might be short-term oversold and present a quick trading opportunity on the long side. I present to you symbol IYR:

If you’re in the mood to buy stuff that’s been badly sold off lately, here’s another (semiconductors):

To be clear, I’m not touching any of this stuff. By the way, I just want to mention that XRT looks interesting as well.

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