Pecking Away at Micro Versus Macro

It seems as though everyone has macro analysis about the market and economy these days. But when many are looking macro, perhaps it is correct to look micro. 

Digging below the surface, the homebuilders as a group have been thriving, even before the Trump speech and today's gap up. We know the obvious plays are the likes of DHI and LEN.

But some subtle plays like CAA are coming alive, seen below on the daily timeframe. Since late-2015, CAA has been in corrective mode. However, the name is breaking its recent base higher today and I have this on my radar to play catch-up to the sector. Beyond that, the LOW strength today after earnings is likely helping the cause today for the general housing sector, to boot. 

Overall, the morning gap up is bringing out the macro calls again, that this is either a blow-off top or the beginning of a new leg higher. We want to focus on the best individual stocks and sectors in lieu of joining that chorus.