The following companies represent the top ten holdings (38.71% combined) of the Dow Jones U.S. Real Estate Index.
After Gunners excellent post in the Peanut Gallery, I thought it might be helpful to get a visual on how these companies have been performing.
An easy way to short this index is via [[SRS]]. This UltraShort Real Estate ProShares seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Real Estate Index.
All of the top ten holdings are in confirmed downtrends. However, some of them appear to have put in bottoms, at least for the near-term. I’m wondering how much downside might be available at this point.
Ye who blaspheme us chart-chompers need to pay careful attention to how price behaves around the 50 and 200 day averages in these charts.
Shedder- I agree. The downside move probably needs to get digested.
SRS is a trade – don’t fall in love with it.
Earning season is just getting started for the REITs and runs to end of the month. A lot of negativity is built in. Look what happened to GGP today – soft earnings and the stock was up 4%. DDR – same thing.
I trade SRS both long and short for the action – make it, take it.
some of those charts look like they want to retest prior lows.
Do SKF tomorrow. Check UYG for holdings.
How bout Dug vs DIG ? Won’t the Chavez/XOM news have implications there?
Not sure how Chavez’s actions will impact the oil market, but I suspect the primary impact will be on Venezuela’s bottom line. Is there a double inverse Venezuela ETF out there?
Venezuela’s oil is high in sulfur, which requires specially equipped refineries to process the gunk. Currently, those refineries are in Venezuela and the U.S., so by stopping shipments to the U.S., Chavez is taking another step toward bankrupting his country.
China does want to acquire more oil from Chavez, but not sure China has built the requisite refineries yet. They take awhile to build, even with 1.5 billion peasants at your disposal.
It will be interesting to watch the situation play out.
Placed order for 200 HST this a.m.
Thanks for the charts shed. i’m going to have to pay more attention to these things, because i don’t really know how to read them
Gunners, let me know what you want help with, re: chart reading.
I think you had a mistype under your JPM chart.
You wrote “bullish” instead of “bullshit.”
LOL @ Jake.
Hey, you responded on the wrong thread.