SPDR’s S&P Homebuilders ETF (XHB) is moving in a similar trend line with ITB but has lagged. XHB has returned 22.5% in 2015 and may be looking at a strong finish despite broader market headwinds. Despite the positive environment surrounding XHB it should be noted that it has recently seen periods of increased outflows. Nasdaq reported in early October of a 6.4% week-over-week increase in outflows from XHB that pushed it below its 200EMA, and is testing it again now, but hasn’t broken through.
