The Bloomberg REIT Index, a broad based REIT Index with 160
members, is testing critical support near the 195 level (red and green lines),
notes Technimentals Kevin Lane. As seen below the rate of price change via the
RSI indicator started dropping while the index made new highs and continues to
This continued weakening in momentum looks to be a negative,
particularly for a group that has had a strong multi-year run. A close below
this critical support could
lead to a hard correction here.
Quote of the Day:
"Bull Markets are born on pessimism,
grow on skepticism, mature on optimism, and die on euphoria.”
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.