Much like the homebuilders, the commercial real estate ETF has undoubtedly been a strong market performer for months on end as the housing market and most thing real estate improved.
But just like the homebuilders, the IYR ETF for commercial restate is now up against major, multi-year overhead resistance levels. It need not mean the end of the housing recovery by any stretch. However, it does point to a cooling off period into the spring and even summer months as price negotiates this significant of overhead supply, roughly the $72 level here.
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Yo Chess, if you’re looking for ideas for a post today, I’d be interested to see your take on the top 3 charts that are setup for downside from a technical perspective.
Thanks. I’ll have some on the video recap most likely.
she looks great, sleeper strength too