Home Improvement Strong

11/25/2008 9:08 am EST


Thomas Aspray

, Professional Trader & Analyst


One of the groups that has done better than the S&P 500 since July is the home improvement retail group. The downtrend in the weekly RS chart was broken in late August and has been in a clear uptrend over the past few months. This suggests the short-term bottom formation may hold.

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