Paul Mosgovoy's  Instablog

Paul Mosgovoy
Send Message
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
Back To Paul Mosgovoy's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.