DHI presents an interesting technical setup at its 200-week MA, with potential tailwinds from lower input costs offsetting bearish housing data and high rates.

We have a stock like uh Dr. Horton here, which is actually trading at a very interesting level, which I wanted to kind of call out here. If you're looking at the three-year weekly chart, it's trading at its 200 week moving average.

Now, interest rates are higher. Yes, they've had some disappointing earnings announcements, but there are certain products when it comes to new home builders and even existing home builders, existing home uh re remodels, if you will, uh that could be a slight tailwind and that could be actually lower prices for input goods in some respects like lumber, which has seen a dramatic drop to the downside.

This is actually a very interesting setup given the interest rate environment and given all the bearish data that we've seen around the housing market over the last six months, eight months or so.