CNBC's Jim Cramer on Tuesday said that investors still have a chance to buy homebuilder stocks before a possible run-up.
"The charts, as interpreted by Dan Fitzpatrick, suggest that we're looking at a truly counterintuitive bull market in the homebuilders, and even though that's not supposed to happen at this point in the business cycle, the bulls keep running anyway," he said.
The Federal Reserve has raised interest rates over the last year to tamp down inflation, hammering stocks of every industry from tech to retail to financials.
However, the action in homebuilder stocks from recent months suggests that they're going against the tide, according to Cramer.
To explain Fitzpatrick's analysis, he examined the daily chart of the Dow Jones U.S. Home Construction index.