Almost everyone in the financial media has been talking about the yield on the 10-year U.S. Treasury Note. When the yield moves higher, the home-builder stocks, real estate investment trusts (REITs), and the utility sector will usually suffer. All of these important sectors are very sensitive to higher interest rates.
Today, the leading home-builder stocks such as Lennar Corp (LEN), Toll Brothers Inc (TOL), DR Horton Inc (DHI), and PulteGroup, Inc (PHM) are all trading higher as yields have pulled back from the near term highs made last week. Day traders that are following LEN stock should watch for intra-day resistance around the $35.76, and 36.43 levels.
Nicholas Santiago
www.InTheMoneyStocks.com
Today, the leading home-builder stocks such as Lennar Corp (LEN), Toll Brothers Inc (TOL), DR Horton Inc (DHI), and PulteGroup, Inc (PHM) are all trading higher as yields have pulled back from the near term highs made last week. Day traders that are following LEN stock should watch for intra-day resistance around the $35.76, and 36.43 levels.
Nicholas Santiago
www.InTheMoneyStocks.com