The Investors Chronicle published a bullish article on housebuilders last week, the fact that the story appeared on the cover of the magazine is bearish. The magazine cover is a contrarian indicator, when a bullish story makes it to the front cover all the good news is priced in.
The headline "Why housebuilding shares will continue to climb" should be interpreted as "sell housebuilding shares"
Already some well known housebuilders are falling. Persimmon (PSN) completed a head and shoulders pattern which is a bearish pattern. The stock declined to the 200-day moving average and as you would expect, the bulls came to the rescue. But for how long?