Homebuilder (XHB) Breakout

Up 23.3% year to date and 56.4% from its intraday low in early January, the S&P Homebuilder ETF (XHB) has made a nice breakout to new highs this morning after better than expected housing numbers were released.  We've been positive on the group since the end of 2007, and we mentioned our bullishness once again in this week's Business Week.  We'll be even more bullish if the ETF can hold this breakout over the next couple of days.

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