I recently published an idea on this very instrument calling for a reversal to the downside which ended up going the other way. I remain bearish on this index and the real-estate index, in the US and abroad. I do think they are a great investment to have (actually purchased a bit as part of my usual dollar-cost averaging and asset allocation model), but, this will...
This is going down, both fundamentally (high interest rates, lower demand, higher unmoved inventory) and technically/chart-wise with the prices failing to go higher. This is worth buying though, great long-term value and great dividend pay-out in the 4-5% range annual. Will be buying as it goes down.
Real estate broke through the 50 MA and with the rising interest rates and the central banks starting to sell their MBS then this market will plummet soon.
Reits have been behind the general market. But may shine over the next year or so. This Vanguard ETF VNQ looks promising to me longer term. Target at 115-120 with a 6.7% yield at this price. seekingalpha.com
REIT market to tank further under equity market pressure This particular ETF has moved in channels for months, finally breaking $81 level touching $72 First short wave at $78 to $73, then the sideways channel will be shrinking
Real Estate in dangerous territory, might go down with bonds
VNQ formed a symmetrical triangle. It has two trend lines. One uptrend line is acting as support while the downtrend line is acting as resistance. This triangle contains three highs lower and three lows higher. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. The symmetrical triangle can be...
If history repeats itself again. Check out this day one year ago, as well as countless retaces through the year....
VNQ continues to bounce up and down in this channel