$VNQ Failed breakoutCouldn't break out of the trend line, a lot of buying into the close. lets see what the housing data tells us on Tuesday.
VNQ trade ideas
Tricky To Evaluate, NowBearish But An Opportunity For Long HoldThe index is going down, it has to -over a long enough period of time.
I will not short but looking for the VNQ to go down and will dollar-cost average my entry.
Over a very long time, this is a good ETF to hold with a nice dividend and upside potential and a nice diversification aspect relative to other holdings (SP500, EU600, Emerging, etc).
I will look to buy the same quantity at the four levels down for an average price close to support.
Still Bearish on VNQI recently published an idea on this very instrument calling for a reversal to the downside which ended up going the other way. I remain bearish on this index and the real-estate index, in the US and abroad. I do think they are a great investment to have (actually purchased a bit as part of my usual dollar-cost averaging and asset allocation model), but, this will eventually go down back to the mean, and then will be a good/better opportunity to buy in.
Short On VNQThis is going down, both fundamentally (high interest rates, lower demand, higher unmoved inventory) and technically/chart-wise with the prices failing to go higher.
This is worth buying though, great long-term value and great dividend pay-out in the 4-5% range annual.
Will be buying as it goes down.
Real estate is screwed from hereReal estate broke through the 50 MA and with the rising interest rates and the central banks starting to sell their MBS then this market will plummet soon.
VNQ: Reits: One for investors not traders. Reits have been behind the general market. But may shine over the next year or so. This Vanguard ETF VNQ looks promising to me longer term. Target at 115-120 with a 6.7% yield at this price.
seekingalpha.com
REIT stocks to tank furtherREIT market to tank further under equity market pressure
This particular ETF has moved in channels for months, finally breaking $81 level touching $72
First short wave at $78 to $73, then the sideways channel will be shrinking
Broke the long term support as rates go upReal Estate in dangerous territory, might go down with bonds
Example of a Symmetrical Triangle on VNQVNQ formed a symmetrical triangle. It has two trend lines. One uptrend line is acting as support while the downtrend line is acting as resistance.
This triangle contains three highs lower and three lows higher. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.
The symmetrical triangle can be continuation or reversal, so we must wait for which line will break. To confirm the breakout, the price should close above the resistance line or below the support line. In this case broke by support, then we must make a short.
The profit target is the distance away as the back of the triangle.
VNQ retrace imminent?If history repeats itself again. Check out this day one year ago, as well as countless retaces through the year....
