What Thing Sort of Looks Like the Other Things?

The 30 year yield looks pretty much like the 10 year yield, except for its lagging status. Since 2013 another item has been fairly well correlated with these yields and that item is the Real Estate iShares, IYR. Inversely correlated, that is. The 2016 yield spike did not dope hammer IYR (send its inverse higher) to the degree one might have expected. Although we are … Continue reading What Thing Sort of Looks Like the Other Things?

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NFTRH+; A Sector Short Setup

IYR is one that I had shorted into the February correction, covered and then have since left it (and other rate sensitive areas) alone due to an unclear interest rate view. But considering the resumed long-term interest rate rise, I think it is worth a look. Click the (weekly) chart for a larger, clearer view. IYR is bear flagging below the broken trend line. Weekly … Continue reading NFTRH+; A Sector Short Setup