iBankCoin

Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Check Out This Spread

chessNwine Wed Dec 11, 2013 8:34am EST 9 Comments

food_porn_35

With Taper and rates all the rage these days (or at least some of it), note the spread of late between the rallying REITs in the IYR ETF (first chart, daily timeframe) versus the utilities in the XLU ETF (second, daily), which looks like a short candidate on may further weakness.

What say you on the spread this morning? Which one is telegraphing the next move in rates, if any?

Elsewhere, keep an eye on YNDX to see if it catches momentum with the rest of the internet space today.

_______________________________________________

IYR

_______________________________________________

XLU

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter

9 comments

  1. Sspiff
    Sspiff
    December 11, 2013 at 8:54 am

    with long rates set to rise I don’t think REITS or utilities are compelling. I bought some more mortgage REITs last week as part of a long term portfolio, more of a discipline over conviction rebalance the portfolio move.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. gatorsun
    gatorsun
    December 11, 2013 at 9:20 am

    thinking XLU on the verge of collapsing..i did trade the 36.50-39.40 trend earlier this year…wait and see mode from here

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. gatorsun
    gatorsun
    December 11, 2013 at 9:21 am

    Chess,,,sidenote,,,CSCO downgrade to 18..pretty amazing

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. dominator
    dominator
    December 11, 2013 at 9:23 am

    that’s some good looking gabagool! And thanks for all your work.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. raul
    raul
    December 11, 2013 at 9:30 am

    now i have to eat an early lunch

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy