economy

February 12, 2026

Josh Brown says this homebuilder is forming one of the most bullish chart patterns that exist

Josh and Sean discuss the appeal of old economy stocks and the cup-and-handle chart pattern.

Josh Brown says this homebuilder is forming one of the most bullish chart patterns that exist

TL;DR

  • Investors are favoring 'old economy' stocks over tech due to AI disruption concerns.
  • Homebuilders, specifically PulteGroup (PHM), are showing strong price action and bullish chart patterns.
  • Improved affordability is expected for home buyers, with mortgage rates lower and wages growing.
  • The U.S. housing market is estimated to be underbuilt by 3-4 million homes.
  • PulteGroup's stock exhibits a significant multi-year cup and handle formation, a bullish technical indicator.
  • Key support levels are identified at the 200-day moving average ($119) and a closing weekly drop below $120 signals a risk-reward shift.

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