Sunday, December 13, 2009

Looking at the REITS

                      via SPY, IYR, and the 4 highest % reit stocks of the IYR etf

Thoughts:   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?
                        - it is just far ahead of itself, and more likely
                           to come down harder than others at the next
   (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)
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