THE STOCK & ETF CORNER

IYR/SRS: Buy SRS !

If you believe in this chart then you should run and buy some SRS!

IYR : Ladies go first !

I'm starting to be a little obsessed with the Real Estate ETF as of late !

First, is the short term "relative weakness"  that i've highlited on Thursady (Click Here)

Second, the long term chart with the shooting star near the 50% retracement level (Click Here)

Finally, IYR is the first sector to break the diagonal support line off the March 2009 lows as you can see on this log scale !

What is interesting here is that IYR was also the first sector  to top at the start of 2007 ! 

IYR : Bye Bye Baby .. bye bye !!!

"Bye bye baby bye bye, it's your turn to cry that's why we have to say goodbye.. so say goodbye !" Madonna 

The monthly chart of IYR (Real Estate) ETF is showing a shooting star on the 50% ret. as of late. 

My last post on IYR yesterday showed how it has weakened recently and why it will continue to grind lower (Click Here).

This chart is very very important.

What do you expect could happen to US Households if housing would enter a new downleg ?

"Chartly speaking" Real Estate has topped again long term, and I don't really need to tell you the consequences on the US Economy going forward !

IYR : Failed bounce attempt.

IYR (Real Estate ETF) is attempting to bounce once again on the multi month support level . I suspect that this attempt will ultimately fail. The relative strength index (RSI) is showing signs of greater weakness this time around than in the previous instances: You can see that the RSI is making a lower low for the first time since July !  I would short IYR on any additional strength, or buy SRS on dips !