As shown, real estate sector is in correction mode. Housing prices are at crazy prices and now 30 year mortgage rates are still climbing. Today the average was reported over 6.25%. Would expect these rates to continue on the upside while housing prices moderate.
While everyone is bullish real estate, the chart says price is likely to turn bearish.
As you can see from the chart, we just retested and rejected a long term bullish trendline, and now with that rejection, it sets up the chance for price to fall much lower from here.
The first supports are in the low 40s, and if we end up breaking that, we'll likely fall to...
I do not post ETFs very often - here is something i see today. Not a clear template (missing the triangles) but setting up a narrow price contraction. Looking forward how this will develop now.
O (Realty Income Corporation) stock price has reached a two-year, all-time-high resistance zone of $72.56.
If resistance holds strong, the stock price could pullback over time to test support below.
O (realty income corporation) reports earnings on 05/04/2022.
Entry (short): $71.56
Profit Target +4% (exit): $68.59
Stop Loss -2% (exit): $72.91
Utilize stop...
PLD (Prologis) stock price has double-topped below $169 resistance on the daily chart.
A bearish pullback is possible, if support levels are broken to the downside over time.
PLD (Prologis) reports earnings on 04/19/2022.
Utilize stop loss, position sizing, risk management.
Entry (short): $165.33
Profit Target +7% (exit): $153.74
Stop Loss -3.5% (exit):...
We are seeing a cup & head pattern on this real estate ETF.
How to enter a position:
First entry: 20% of full amount, when it breaks the high of the handle of the cup.
Second entry: 80% is the cross above the high of the cup, confirming the bullish pattern.
Risk-reward setup:
Profit-exit: Full target is $53 approximately. 10sma has been working...
Idea for Real Estate:
- Real Estate testing a double top after some exhaustion Sept-Oct.
- MBB's rolling over, rejected at -1 Std Dev:
- Because every other market component is already at +2/-2 Std Dev, and Real Estate is relatively less volatile than say S&P 500, I think the +1/-1 Std Dev is a good signal.
- We will have more confirmation next week depending...
All sectors declined this week as the S&P 500 pulled back from all-time highs. Consumer Discretionary (XLY) was poised to end the week with gains before losing those gains in Friday afternoon selling.
Real Estate (XLRE) was the worst-performing sector of the week after outperforming the market in the previous week. The sector erased all of last week's 4% gain as...
Defensive sectors led the sector list during a week where employment data kept investors guessing on the Fed's timeline for bond tapering.
Real Estate (XLRE) led the list throughout the week. The sector is benefiting from low interest rates while it also remains a good hedge against inflation. The Fed continues to put full employment ahead of inflation as the...
The short week was defined mainly by Thursday's sell-off in equities as Treasury bond yields were sliding. That gave a boost to two defensive sectors, Real Estate (XLRE) and Utilities (XLU), but the two sectors were already leading from Monday. The worries ended on Friday, but the two sectors remained in the lead for the week.
Technology (XLK) and Consumer...
As bonds continue to move higher and interest rates lower, $XLRE and $REITS in general have been showing strength. $SBAC Has been on my radar for awhile and the breakout has finally happened. I believe that a position over prior resistance offers a good risk/reward ratio here and I like the stock long to the 0.786 Fib extension which happens to be just about the...
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Trade for DRV:
- Long DRV 10C Feb 22, 2022 for 0.5 debit.
- Entered position based on Distribution cycle tending to affect the price in last 20% of the wave.
Target downgap fills:
GLHF
- DPT
Idea for Housing/REITs (VNQ):
- The Housing Market will crash. I am short REITs.
- Lumber rose 400% in a year during a global crisis and then dropped 50% in a month... This is not a correction, but a bubble pop.
- China reining in commodity prices. They announce that they will soon release state stockpiles of metals:
www.bloomberg.com
- State firms ordered to...
It was a mix of defensive sectors and growth stocks at the top of the sector list this week, while the cyclical sectors took a step back.
Real Estate (XLRE) led the sector list, continuing to gain on a solid housing market, higher rents, as well as a defense against potential inflation.
Health Care (XLV) also rallied this week, ending the week in second place...
Energy (XLE) and Real Estate (XLRE) led the sector list for the week, establishing their lead early in the week. Energy got a boost from the rise in oil prices on high demand. Real Estate is gathering momentum from rising housing and rental prices while also being a great hedge against inflation.
The focus on employment data released on Friday morning is clear in...
