This chart of the U.S. 10s/2s curve and the SPDR S&P Utilities Sector ETF (XLU) is interesting. A few days ago, I was reading a blurb by a well-known outlet about utilities getting "smoked" during the Q4 equity route. Like above, performance is relative to time frame. Additionally, you have to have a deeper understanding about what XLU is and what it can...
REIT's are looking like the first sector to definitively break the big uptrend since December 24th.
Big move here breaking out of 2 month wedge to the downside.
All momentum indicators are also pointing downward (macd, stochastic) and we've had demark exhaustion signals as well. Easy short entry here.
$VNQ Overbought at resistance - volume drying up. Price has been unable to break through 200d ema resistance line this week. Near term outlook bearish.
Target: $71.00-$72.00 range by March
Note: Informational analysis, not investment advice.