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$IYR Distribution, $SRS Accumulation

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

Click charts to enlarge

(SRS: 23.79 +1.71%)

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: 51.47 -0.89%)

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

 


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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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