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Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • IYR And The TBT Connection 0 comments
    Jun 17, 2014 10:39 AM | about stocks: TBT

    The iShares U.S. Real Estate ETF (NYSEARCA:IYR) is hovering just above a level that if it gives way, may result in a swift move lower.

    A fundamental that may help IYR along is interest rates.

    The ProShares UltraShort 20+ Year Treasury ETF (NYSEARCA:TBT) is essentially a proxy for the inverse of the long-bond 30 year treasury.

    Looking at the Weekly chart of TBT below, it seems to be in the process of reversing off a low.

    (click to enlarge)TBT Weekly Chart

    Chart by TeleChart

    The overall real estate market is in a weak position.

    A rise in interest rates (even a small one) may be just enough to shove the whole kit-and-kaboodle over the edge.

    Disclosure: The author is long SRS.

    Stocks: TBT
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