Popular Real Estate ETF has been following markets lower as interest rates have risen negatively affecting yields.
Popular Real Estate ETF (IYR) has been following markets lower as interest rates have risen negatively affecting yields.
That said the weekly chart below is calling for a bottom as the LO is beginning to register a "close short position" indicator. But again, it’s only Monday and this call may be premature as the week rolls on. If you have a short position and/or looking for a bottom to purchase long this indicator bears watching.
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Disclaimer: The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell only any security. Market sectors and related ETF's are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotation's aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com
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