MASSIVE TOP - EQUITY RESIDENTIAL SECTOR - SHORT
#EQR - MASSIVE DOUBLE TOP ON THE MONTHLY (SEE CHART BELOW) ILLUSTRATED VOLUME LOOKS TO CONFIRM EXPECTING FALLS OF AROUND 21-24% SEEING NEW 52WEEK LOWS
THE EQUITY RESIDENTIAL SECTOR LOOKS TO BE COMING DOWN WITH NET OPERATING INCOME FOR THE FULL YEAR EXPECTED TO BE BETWEEN 4.5% AND 5.5% DOWN FROM ITS PRIOR VIEW OF 5-6%.THE COMPANY IS NOT MEETING ITS PRIOR GUIDANCE ON NEW LEASES WITH PROBLEM REGIONS BEING IDENTIFIED AS NEW YORK AND SAN FRANSISCO. ACTUAL CAUSE OF THE SHORTFALL IS THAT EQR HAS BEEN FACING AN INCREASE OF SUPPLY TO COMPETE AGAINST THOSE MARKETS. THIS COULD BE A SIGN OF MORE TROUBLE TO COME FOR EQUITY RESIDENTIAL WITH MANY OF ITS STOCKS PUSHING THE MARKET DOWN FURTHER.
THE EQUITY RESIDENTIAL SECTOR LOOKS TO BE COMING DOWN WITH NET OPERATING INCOME FOR THE FULL YEAR EXPECTED TO BE BETWEEN 4.5% AND 5.5% DOWN FROM ITS PRIOR VIEW OF 5-6%.THE COMPANY IS NOT MEETING ITS PRIOR GUIDANCE ON NEW LEASES WITH PROBLEM REGIONS BEING IDENTIFIED AS NEW YORK AND SAN FRANSISCO. ACTUAL CAUSE OF THE SHORTFALL IS THAT EQR HAS BEEN FACING AN INCREASE OF SUPPLY TO COMPETE AGAINST THOSE MARKETS. THIS COULD BE A SIGN OF MORE TROUBLE TO COME FOR EQUITY RESIDENTIAL WITH MANY OF ITS STOCKS PUSHING THE MARKET DOWN FURTHER.
Trade active:
Swinging down until we stop making lower highs