Buffett’s Clout:

We often speak to knowing what may be in an ETF you may be looking to purchase or already own. The XHB in the homebuilder space for example has just 3 pure-play homebuilders within its top 10 holdings. Interestingly enough the largest component in the finanical ETF is BRKB representing almost 13% of the fund. The stock is now just 5% off most recent 52 week highs and since the start of September, the stock has advanced just 2 sessions. It has gained ground just 2 of the last 5 weeks, but ALL five CLOSED right near lows for the WEEKLY range. BRKB is just one of two names in the top 10 holdings that are underneath its 50 day SMA. Other candidates are more technically attractive like GS, as long as it stays above the very round 400 number, and BAC above 40. BLK came very close to touching its rising 50 day SMA for the first time following a cup with high handle breakout above a 925.07 pivot on 8/23, often a good entry. 

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