- The Big Picture - http://www.ritholtz.com/blog -

Chart of the Week: Bloomberg REIT Index

Posted By Barry Ritholtz On October 11, 2005 @ 2:51 pm In Investing,Real Estate | Comments Disabled

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
drop.

<spacer>

Bloomberg REIT Index

Bloomberg_reit_index [1]

Source:
Technimentals

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.

<spacer>

Random Items:

House prices ‘flipping’ out (40% Condo Flip Rate in Florida) [2] 

Oil Prices and the “R” Word [3]

How the boom of 2006 ended [4] 

So Long to the Wealth Effect? [5]

US energy chief: High fuel prices to persist [6]

Is Al Gore Challenging Hillary for 2008? [7]

The Economics of Peer Production [8]

Packed house, empty seats [9]

<spacer>

Quote of the Day:

"Bull Markets are born on pessimism,
grow on skepticism, mature on optimism, and die on euphoria.”

-Sir John Templeton [10]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/10/chart-of-the-week-bloomberg-reit-index/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/bloomberg_reit_index.jpg

[2] House prices ‘flipping’ out (40% Condo Flip Rate in Florida): http://www.gainesville.com/apps/pbcs.dll/article?AID=/20051010/LOCAL/51010035/1078/news

[3] Oil Prices and the “R” Word : http://www.seic.com/doc/BIG/doc/mwir_100705.pdf

[4] How the boom of 2006 ended: http://www.marketwatch.com/news/story.asp?guid=%7B2AC14735%2D3FF1%2D42A1%2D9A9A%2DC7AC0F304C38%7D&siteid=mktw&dist=

[5] So Long to the Wealth Effect? : http://msnbc.msn.com/id/9634477/site/newsweek/

[6] US energy chief: High fuel prices to persist: http://calculatedrisk.blogspot.com/2005/10/us-energy-chief-high-fuel-prices-to.html

[7] Is Al Gore Challenging Hillary for 2008?: http://www.breitbart.com/news/2005/10/06/D8D2IU703.html

[8] The Economics of Peer Production: http://www.business2.com/b2/web/articles/0,17863,1112586,00.html

[9] Packed house, empty seats: http://www.eastvalleytribune.com/index.php?sty=50117

[10] Sir John Templeton: http://www.templeton.org/sir_john_templeton/index.asp

Copyright © 2008 The Big Picture. All rights reserved.