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$IYR Distribution, $SRS Accumulation

15. June 2009• Stock watch list, • StocksPhantasmix Tags: , ,  1 comment

Click charts to enlarge

(SRS: 6.36 -1.70%)

Positive volume pattern showing accumulation – higher on up days, lower on down days.
MACD and others are cooperating.
srs

TA is useless on Ultra ETFs? Ok, let’s see how IYR is doing.

(IYR: 49.05 +0.74%)

IYR yields almost 9%! That’s for the positive.
Now negative: volume pattern is just the opposite of SRS, showing distribution (higher volume on down days, lower volume on up days).
Closed below 20ma which has been a pretty good support level during this rally. But need to see follow-through on that.
Today’s close qualifies for a Bollinger-Band-crash trade, so IYR *should* bounce tomorrow. Doesn’t have to, but should.
iyr

iyr1

More on this topic (What's this?)
Stocks Drop on Low Volume (Investment U, 7/6/09)
BUYING VOLUME IS SLOWING. IS THE RALLY DYING OUT? (THE PRAGMATIC CAPITALIST, 6/9/09)
Why I am a short term BULL on the REITS. (Erik's market view, 6/19/09)
Read more on IShares Dow Jones U.S. Real Estate Index Fund (IYR), Volume at Wikinvest
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1 comment:

  1. phantasmix.com » Blog Archive » Chart Updates: $IYR, $SRS (Pingback), 9. July 2009, 0:05
     

    [...] for June 15th post Original opinion: IYR under distribution, SRS under [...]

     

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