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?
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
I look at yesterday and today and am tempted to think “why am I not more short?” (I am short Semiconductors and Real Estate for different reasons). But the NFTRH+ aspect of the service is noted as being about “setups” and so no setup, no highlight. Broad stocks are not yet in short setups. But we did have a bearish look-ahead on the Real Estate … Continue reading Real Estate Short Setup (public post)
I am not comfortable buying momentum and so it follows that I am not comfortable shorting it either. It is safer to watch for breakdowns and then bounce backs to resistance. So this look at the Real Estate iShares is a look-ahead to a potential setup, for anyone interested. We have been tracking IYR’s bearish state in NFTRH, as it buckles under the pressure of … Continue reading NFTRH+; A Look-Ahead to a Short Setup
On Dec. 30 we looked ahead on the Real Estate ETF, IYR. Per the update… “The key here would be a break above 77 and the SMA 200 which, if successful, would measure out a target of 83 or a test of the highs. IYR has risen above the 50 day averages, which is a start.” Here is the original daily chart, updated. The pattern’s … Continue reading NFTRH+; Real Estate Signal (Update to Original Post)
A trade idea that has its share of caveats, which are in bold… Another one that fits with the current view of rising Treasury bonds (declining long-term yields). Real Estate (IYR) has under performed the market during the rising rate environment but has formed an interesting pattern on a daily chart. A short-term bullish view obviously assumes at least a stable broad market environment in … Continue reading NFTRH+; A Real Estate Look Ahead
