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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s