Real estate ETFs are just about the only area recently whose bullishness I actually buy – – DRN, URE, and IYR are all super-looking charts. My largest long (by far), IYR, is poised for a breakout. In an era where it seems impossible to get the market to fall for more than one day (witness last Tuesday – sigh) one has to drum up charts that are not only bullish, but plausibly so.
As I type this, it's 45 minutes to showtime. Good luck, everybody.
