ITB / XHB (Equal Weight) - Most Attractive Industry Group At Setup Level
$iShares U.S. Home Construction ETF(ITB)$ / $SPDR S&P Homebuilders ETF(XHB)$ (Equal Weight) - Most Attractive Industry Group At Setup Level with Volatility Adjusted RS
Several groups appear to be on the verge of breaking out from sideways Darvas box–style, flag based and also wedge based action within a short-term time range. i.e. $VanEck Semiconductor ETF(SMH)$ $Global X Robotics & Artificial Intelligence ETF(BOTZ)$ $Global X Artificial Intelligence & Technology ETF(AIQ)$ $Global X U.S. Infrastructure Development ETF(PAVE)$ $Communication Services Select Sector SPDR Fund(XLC)$ $Industrial Select Sector SPDR Fund(XLI)$ $iShares U.S. Aerospace & Defense ETF(ITA)$
but the most compelling to be is the homebuilders and construction group. It’s the only one showing rising RS that has exceeded the pullbacks on July 31 and August 1, while also emerging from a six-month base structure.
$Direxion Daily Homebuilders & Supplies Bull 3X Shares(NAIL)$ is 3x leveraged of cap weighted $iShares U.S. Home Construction ETF(ITB)$
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