via SPY, IYR, and the 4 highest % reit stocks of the IYR etfThoughts: SPG looks way ahead of itself in relation it's sector
(not saying it has already topped here).
- does that mean it is a leading indicator
and the rest will follow?
OR
- it is just far ahead of itself, and more likely
to come down harder than others at the next
downmove?
(I think the later, as it also dropped the most in 08-early09,
meaning its the higher beta. Trying put more emphasis on IYR
to watch, than 1 individual stock)
IYR looks like it may want to tag 48.57 (61.8% fib)
(not saying it has already topped here).
- does that mean it is a leading indicator
and the rest will follow?
OR
- it is just far ahead of itself, and more likely
to come down harder than others at the next
downmove?
(I think the later, as it also dropped the most in 08-early09,
meaning its the higher beta. Trying put more emphasis on IYR
to watch, than 1 individual stock)
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