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Paul Mosgovoy
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  • 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.

    Themes: Real Estate, IYR Stocks: TBT
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