DR Horton (DHI) - Trade Stocks

DR Horton (DHI)

By Wed, Jul 29, 2020

Hey there,

We’re back this week with another strong trade.

If i’ve been absent, it’s for a GREAT reason…

My wife and I got to welcome our first child into the world!

Best week of my entire life.

I absolutely love being a dad.

And speaking of things I love, right now I’m loving DR Horton.

Right now, we’re seeing sector rotation outside of large cap tech and communications, and that’s big for us.

Banks are starting to work — or at least aren’t dropping.

And industrials are making moves as part of rotation into small caps.

Home builders are part of that, including DR Horton (DHI).

I love DHI above $63.

Below that, staying away.

But we are long above $63 with a price target of $100.

That’s it for now, gotta check on my daughter.

But we’ll be back next week with another chart of the week (and another big announcement!).

Til then, good trading,

JC Parets


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About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.