iBankCoin

Technical Analysis with chessNwine

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

Hey, REITs: Step Into My Office

chessNwine Thu Sep 18, 2014 3:36pm EST 4 Comments

donald-in-his-trademark-youre-fired-posture

Youah Fiyahd! 

I am aggressively short the REITs here, inside 12631, playing for the rate-sensitive commercial real estate stocks to come in further.

Note the rising wedge (blue lines) breakdown on the weekly chart, below.

Stay tuned for my video market recap after the bell.

__________________________________________________

IYR

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

4 comments

  1. dazedflip
    dazedflip
    September 18, 2014 at 3:56 pm

    I’ve had my eye on this for the last week. It looks like a great play. ESS is close to breaking down underneath this little consolidation around 182.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. dazedflip
    dazedflip
    September 18, 2014 at 3:58 pm

    What do you think the best way to play it is?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. mhass33
    mhass33
    September 18, 2014 at 4:23 pm

    this is on point. great look chess

    • 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