Homebuilder ETF Looks Wobbly By Don Dion About this article: Despite an upgrade from Bank of America/Merrill Lynch and an upbeat report on housing starts rising to 591,000 from 575,000 last December, the SPDR S&P Homebuilders ETF fell today, down nearly 0.7% at the close of regular trading in New York. The components in this ETF may be more indicative of the housing market than any enthusiasm for this morning's housing report. Top holdings such as Lennar, D.R. Horton and Pulte Homes all sold off as investors digested the report on housing starts this morning. While XHB has held up well, rallying more than 7% year to date, today's selloff should send a message to investors to approach this sector with caution. The recent rally might have been a dead cat bounce. A special note from Don: There's no doubt in my mind that ETFs are the most exciting investment vehicles of the decade. That's why I'm thrilled... To read the rest of this article and sign up for a FREE trial click here...

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