Homebuilders: Fundamental or Technical?

Stocks had another choppy session Tuesday, but once again the major averages demonstrated their resilience, as they closed the day well above the worst levels. The Nasdaq Composite managed slight gains, while the Dow Jones Home Construction Index lost 1.8%. The ISM Non-Manufacturing Index was stronger than expected on Tuesday, and today the economic focus will be on the Leading Indicators. Of course, in terms of market sentiment, most are wondering how the Twitter IPO will turn out on Thursday. ...