The popular real estate fund IYR spent the past two months blasting higher, but it seems to have pooped out this week just beneath its Fibonacci retracement as of Wednesday.
Real Estate Pattern Intact
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Runaway Real Estate
How much longer can this beast fly higher? I’m thinking not much longer. Look at the trendlines I’ve drawn on the symbol below, IYR. Major resistance is coming up quickly.
Halted Homebuilders
There is a multi-year trendline which has taken the ascent of homebuilders and brought it to a screeching halt for two weeks now. Here is the XHB:
Real Estate Panting
Below is a chart of the real estate fund IYR. I’ve been watching the price gap from September of $82.69, and this week we sealed it up nice ‘n’ neat. If this dashed line holds, we should see a renewed degradation in these prices.
Office Space. Lots Of It.
