According to the latest data from the Federal Deposit Insurance Corporation, the housing and banking industries are not providing the needed engines of economic growth on Main Street.

It's a difficult task to pick among homebuilder and community and regional bank stocks, but there are three exchange-traded funds that look better.

To trade the housing sector, investors should use the iShares U.S. Home Construction ETF (ITB) - Get Report . This exchange-traded fund has 43 components and is heavily weighted to homebuilder stocks.

To trade community banks, investors should use the First Trust Nasdaq ABA Community Bank Index Fund (QABA) - Get Report , which has 148 publicly traded community banks as components. Community banks provide community developers and homebuilders funding via construction and development loans.

To trade regional banks, investors should use the iShares U.S. Regional Banks ETF (IAT) - Get Report   , which has 54 components and does not include the four "too big to fail" money-center banks. Regional banks are in business to provide mortgage loans and home equity lines of credit. These institutions have been reluctant to lend, given low interest rates and tougher regulatory guidelines.

Since these ETFs have positive weekly charts with the banking ETFs overbought, today's focus will be the Fibonacci Retracements on daily charts.

Here's the daily chart for the ITB home construction ETF.

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Courtesy of MetaStock Xenith

The home construction ETF had a close of $27.97 on Tuesday, up 3.2% year to date. It is 6.3% below its multiyear high of $29.86, set on Aug. 18, 2015. The ETF is up 29.4% from its 2016 low of $21.61, set on Feb. 11.

The daily chart shows the Fibonacci Retracements from the Aug. 18 high to the Feb. 11 low. The rebound reached its 23.6% retracement of $23.56 on Feb. 22, which was followed by strength to its 38.2% retracement of $24.76 on Feb. 26, then to its 50% retracement of $25.74 on March 4, and finally to the 61.8% retracement of $26.71 on March 18. The ETF traded around this key level until May 24, when it popped to its 2016 high of $28.22 on Tuesday.

Investors looking to buy the ETF should consider doing so on weakness to $20.80, which is a key level on technical charts until the end of 2016.

My proprietary analytics suggest that $27.33 and $28.27 will be magnets for the remainder of June.

Investors looking to reduce holdings should consider selling strength to $34.34, which is a key level on technical charts until the end of June.

Here's the daily chart for the community bank ETF.

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Courtesy of MetaStock Xenith

The community bank ETF had a close of $39.80 on Tuesday, up 2.1% year to date. It is 9% below its multiyear high of $43.75, set on Nov. 10, 2015. The ETF is up 22.8% from its 2016 low of $32.40, set on Feb. 11.

The daily chart shows the Fibonacci Retracements from the Nov. 10 high to the Feb. 11 low. The rebound reached its 23.6% retracement of $35.08 on Feb. 26, which was followed by strength to its 38.2% retracement of $36.74 on March 7, then to its 50% retracement of $38.08 on April 19, and finally to the 61.8% retracement of $39.41 on May 24. The ETF set its 2016 high of $40.62 on June 3.

Investors looking to buy the ETF should consider doing so on weakness to $28.56 and $37.28, which are key levels on technical charts until the end of June.

Investors looking to reduce holdings should consider selling strength to $42.03, which is a key level on technical charts until the end of June.

Here's the daily chart for the regional bank ETF.

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Courtesy of MetaStock Xenith

The regional bank ETF had a close of $34.79 on Tuesday, down just 0.5% year to date. It is 8.4% below its multiyear high of $37.99, set on July 23, 2015. The ETF is up 29.4% from its 2015 low of $26.89, set on Aug. 24, damaged by the flash crash.

The daily chart shows the Fibonacci Retracements from the July 23 high to the Aug. 24 low. The quick rebound from the flash crash shows that investors in this ETF were hurt inappropriately on that day. The ETF immediately recaptured its 50% retracement of $32.44 the next day.

The ETF had been above its 61.8% retracement of $33.75 between Oct. 16 and Jan. 6. The 2016 low of $28.12 was set on Feb. 11 and was below the 23.6% retracement of $29.50. The 38.2% retracement of $31.13 was recaptured on March 2, then the 50% retracement of $32.44 was reached on March 4. After a dip below the 38.2% retracement on April 7, it finally rebounded to its 61.8% retracement of $33.75 on April 20. The 50% retracement was tested on weakness again on May 13, and then the rebound set the ETF's 2016 high of $35.22 on May 31.

Investors looking to buy the ETF should consider doing so on weakness to $33.61 and $33.14, which are key levels on technical charts until the end of June.

Investors looking to reduce holdings should consider selling strength to $38.04, which is a key level on technical charts until the end of June.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.