‘real estate’ Archive

Real Estate & Home Builders at an inflection point?

  CLICK ON CHART TO ENLARGE Real Estate ETF (IYR) is up almost three times as much as the S&P 500 Year-to-date. This rally has taken IYR up to a falling resistance line, drawn off the 2006 highs.  The DJ Home Construction Index is rather soft today as it as well is hitting a key resistance [...]

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 [...]