Let’s take a look at, until recently, my favorite short – the real estate fund iShares U.S. Real Estate ETF (NYSE:). I still have a broad stance on this (June $112 Put Options) and the analog holds well.
here is a closer look at recent activity. I’m somewhat upset with the rise in stocks on Thursday and Friday, but given the explosion of the rally we’ve had (literally about four thousand points on the within a few weeks) I guess I shouldn’t be surprised.
Incidentally, there are other ETFs with very similar patterns (since they are also based on house building / real estate) such as SPDR® S&P Home Builders ETF (NYSE:):
Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.