— Alfonso Depablos (@AlfCharts) November 16, 2021
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.