I’m going to jump back in on shares for the short real estate $SRS and $REK, a few week-month swing trade
The index is designed to track the performance of real estate investment trusts (REEITs) and other companies that invest directly or indirectly in real estate through development, management or ownership, including real estate agencies.
Retreat to re-test 200 EMA, take off when the whether cools.
We have had an unbelievable boom in the real estate market ever since COVID. US housing price index up 17.6% YOY, lumber prices up 338% since the beginning of COVID, general building prices up astronomically. Anecdotal evidence shows that roofing companies have had to add on 15% in materials cost, when processing orders 3-6 months in advance. This indicates an...
With the US Government allowing home owners to defer payment on their mortgages, is real estate poised to fall? A good entry point might be when the MACD crosses, or when the recent high is exceeded. Stop loss perhaps at the recent low. Take profit at maybe the recent volume price peak.
There is no Real Business Cycle w/out Housing...since OCT the trend has been broken. A Buy or Not....Let's See What Happens? Opportunity? HEAD SHOTs ONLY!!!
SRS lighting... it... up... Countdown to Home Purchase June 2021
Can’t win em all, but was SRS buy under $21 genius?
SRS (Short Real Estate worth 340 SMA or just shy of $27.00
SHORT REAL ESTATE: I keep buying under $21.00
SUPPORT ON RSI 30 LINE + SUPPORT ON LOGICAL BEAR TARGET
Buying SRS here @ $20.90 today : 3 HR 500 Hull
Broke long term downward trend line. On the way up
Real estate sector is sensitive to the interest rate changes. As the rate rise, it will sink. I will be long SRS.
Counter-trend trade buying SRS with a cheap stop ($29.29) for a rising rates environment. Not overthinking it. This is early and aggressive. Better to wait for trendline to get zoomed to upside, then buy a retracement/ re-test.
Last I checked, it's more difficult to sell real estate when rates go up.....