Chart Updates: $IYR, $SRS
SRS
Follow-up for June 15th post
Original opinion: IYR under distribution, SRS under accumulation
SRS has since gained about 11%, but more importantly it’s now in an established uptrend.
IYR
IYR lost about 8% in the same period. SRS is clearly far from double if you’re holding it (it’s actually not based on IYR, but a double-inverse of DJUSRE index which lost 7% since June 15th). However in times of higher volatility, if you expect it, SRS will perform better.
More on this topic
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How to Profit From Volatility Through One Simple Investment
(Investment U, 1/19/10)
Bearish on real estate - or REITs? Watch for a bounce (or more) from nearby support first
(UnBiasedTrading (TM), 1/25/10)
Why I am a short term BULL on the REITS.
(Erik's market view, 6/19/09)
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