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George Chadwick
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The recent financial devastation coupled with 401k's becoming the new pension plan point very clearly (in my opinion) to the need for control. Control your 401k, don't let it control you. Max out not merely your contributions to it, but max out it's performance using a disciplined and consistent... More
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  • IYR (IShares Dow Jones US Real Estate) Continues Bearish 0 comments
    Nov 25, 2013 2:42 PM | about stocks: VTR, HCP, SPG, PSA, AMT, IYR

    From a top down approach the IYR looks bearish, and so many of the components which are large percentage holdings have either broken support or a major trendline. I am speaking specifically of SPG, AMT, PSA, HCP and especially VTR, which is a health care REIT. HCN is also a health care REIT which has broken major support, and the 200 day moving average is starting to slope down. It is also a large percentage holding of this ETF.

    See chart of IYR below, which has already broken a trendline, and a chart of VRT (a 3% component) which broke the lower trendline (which formed a wedge) and then proceeded to break major support. SPG is a 7.8% component with the start of a down sloping 200 day moving average.

    (click to enlarge)

    (click to enlarge)

    Disclosure: I am short IYR.

    Additional disclosure: I am long the weekly 62.50 puts and December 62.00 puts (out of the money).

    Themes: Real Estate, REIT, ETF, Financial, iyr Stocks: VTR, HCP, SPG, PSA, AMT, IYR
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