Most of the leading home-builder stocks are trading higher. Today, bond yields on the 10-year U.S. Treasury Note are lower by 0.4 to 2.89 percent. Traders must be aware that home-builder stocks are trading inversely to bond yields at this time.
One of the leading home-builder stocks that is rallying on the back of lower bond yields is Toll Brothers Inc. (TOL). This afternoon, TOL stock is trading higher by $1.18 to $31.62 a share. Swing traders should watch for near term daily-chart resistance around the $33 area.