REITs Breaking Down?

We’re seeing a possible technical breakdown on the iShares REIT ETF (ticker: IYR), as noted on the following chart:

(click to enlarge)

As this is a widely held ETF in a number of diversified and income portfolios, including variants of Mebane Faber’s popular Ivy portfolio, investors should take note and watch positions carefully. Of course, we are nowhere near the 10 month moving average cross that would be a sell signal in the Faber system, which uses Vanguard’s very similar VNQ, but it pays to be vigilant.

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