XRE trade ideas
XRE gonna hurt a lot of folks!We are busting that trendline to the downside. VPOC on the weekly is at the top. We are now below the monthly VPOC. The amount of bagholding on this is going to be almost incomprehensiible.
www.shuswaphomes.com
Open - XRE Long Put (S3)Trade for XRE:
- Speculative trade.
- Long put 16 strike Dec 17 2021 for 0.30 debit.
GLHF
- DPT
Technical Tuesday - Canadian REITsTechnical Tuesday:
Technical reasons to be short Canadian REITs (XRE):
Mid Term (Trend):
- Median Line with 80% chance to return to median line, once re-enters channel (Andrews)
- Rising Wedge
Short Term (Trade):
- Exhaustion Gap (x2)
- Double Top
- Dark Cloud Cover
Speculated movement within John Hill-Gann.
Elliot Wave Projection forecasted.
GLHF
- DPT
XRE (ETF owning REITs) at risk as rents may not be paid.The ETF holds Real Estate Investment Trusts. These leveraged vehicles will soon be strapped for cash as tenants refuse (or cannot) to pay rents, but mortgage holders and bank lenders will continue to demand payment. It is increasingly likely that some distributions will have to be cut which will make prices of the trading units suffer.
Canadian real estate is finished#Canadian real estate is finished.
The top is in for Canadian real estate as it has tested the top of 2007 multiple times and now is in a decline.
#Canada #debt
