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Well, this morning is a disappointment so far. The surprise news from Microsoft (NASDAQ:MSFT) briefly took the market down hard, but as I’m typing this, every single stock futures contract is in the green.
The real estate fund iShares U.S. Real Estate ETF (NYSE:IYR) is down, however, in spite of the rally, and it remains one of the cleanest topping patterns in ETF-land.
The longer-term chart illustrates nicely the larger potential of this position.
I guess the day will be relatively quiet as we await Friday morning’s job report. I have done little trading so far, and I suspect even now I might be done for the day with any trades.
In last week's meandering market missive, I opined that, "the next major trend - in either direction - is likely to be driven by the outlook/expectation for the state of the...
Most of the major asset classes scored gains last week, led by US real estate investment trusts, based on a set of ETFs through Friday’s close (Jan. 27). Vanguard Real Estate...
This will be a huge week for markets, with an FOMC meeting, a slew of economic data points, and a big week in earnings. The show stopper will be the FOMC meeting, where the Fed is...
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