‘real estate’ Archive

Joe Friday…Home Builders and Real Estate facing stiff resistance!

  CLICK ON CHART TO ENLARGE Home Builders and Real Estate both hit peaked last May. Did they peak due to concerns over rising interest rates? I suspect rising rates did have an impact. As you can see from both of these above, both peaked at the same time as each was hitting a key [...]

Joe Friday…Hard hit Real Estate is breaking out of bullish pattern, strong of late!

  CLICK ON CHART TO ENLARGE Its’ been a rough few months for Real Estate; from May of 2013 to the first of this year, Real Estate ETF IYR fell over 15%. This decline took IYR to the bottom of its rising channel and momentum became over sold.  Members bought IYR due to support and [...]

Interest sensitive assets in BIG TROUBLE if this happens!

The Power of the Pattern suggested interest rates were about to blast off in May of last year (See post here) Since that post the yield on the 10-year note is up 80%! Below is the performance of interest sensitive assets & the S&P 500 since that post.    The above chart reflects its been a [...]