Chart of the Day - Tuesday, November 16th, 2021

By Patrick Dunuwila

November 16, 2021
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Today’s Chart of the Day was shared by Alfonso Depablos (@AlfCharts). It's a daily candlestick chart of Home Construction ETF, $ITB, over the past 11 months. The largest stocks in this ETF include $DHI, $LEN, $NVR, $PHM, $LOW, $SHW, and $HD. Alfonso points out that $ITB is breaking out to all-time highs for the first time since May. It's emerging from a 6-month base and looks poised for its next leg higher.

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Patrick Dunuwila

Editor, The Chart Report

Patrick Dunuwila is the Co-Founder and Editor of The Chart Report, a popular technical analysis newsletter read by thousands of investors worldwide every day. Patrick is a Chartered Market Technician (CMT) with over a decade of market experience. Prior to launching The Chart Report, he worked as a proprietary trader at Benchmarq Technologies in New York City. He's originally from Syracuse, NY, and currently resides in San Diego, CA.

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