DRV as a ETF of real estate stocks is likely somewhat responsive to the financial environment. My idea is that the recent rate hike of 0.25% will adversely effect home sales and liquidity especially given that the Fed has indicated that there will be on easing this year but perhaps some pauses. They take August off for the conference and party. The 2H chart...
OPEN has earnings upcoming on 8/3. An analysis of the 4H chart with overlays shows bullish momentum in the set of zero lag EMA lines as well as upgoing anchored VWAP landlines. Price crossed over the mean VWAP ( thin black) and the POC line of the volume profile one month ago. The MACD shows bullish momentum since July 24th. The dual RSI indicator shows the...
OPEN a disruptive company in the residential real estate sector as shown on the 1H chart has continued out of a pullback. Is the continuation sustainable? I believe that inflation has become imbedded into the economy. Banks have survived the crisis with federal support and action. The Z score and relative trend index are impressive with the present...
NAIL- is an ETF of Homebuilders; It is 3X leveraged. Price is up over 30% in the first two weeks \ of June. It is shown here on the 30-minute chart with the "Market Bias" indicator which shows uptrends in green and pull-back zones in gray. Presently, price is pulling back - when the gray colored trend indicator changes back to green, an optimal entry can be...
Double bottom increasing Vol Possible T/L break Stop out under 8.75$ first P/T 12.50$ 2nd P/T 14.50$ keep an eye on real estate news see if we get any relief in the market
Time to go short on VNQ with tight stop loss if it's breaking out. Play DRV for shorting VNQ.
$iyr $drn $drv Pay close attention to real estate- It is due for a cycle low somewhere around early-mid 2020. Because the cycle peak is late, I would venture to say that the move downward could be accelerated. How low it goes should reveal how bearish (or bullish) it is.
$IYR $DRN $DRV Posted a year ago: as my target Real estate scares me right now (mostly because I own physical property). This looks bearish with that overhead bear divergence.
expecting a nice pull back caused by leg day, then it should rebound nicely and gains will occur!
$IYR, $DRN looking for new bottom before continuation. Stay tuned for March!
DRN weakness may bring it to the 200 SMA - If it makes it there, would consider a long entry