TSX:AX.PR.E - Post by User
Post by
garyreinson Jul 31, 2024 4:53pm
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Post# 36157023
RECIPE FOR BREAKOUT TRADE WAS THERE TODAY
RECIPE FOR BREAKOUT TRADE WAS THERE TODAY0.10 is a pretty big daily move for US 10 year especially since it broke down from its 4.20-4.70 range, and markets were up pretty big. Yet XRE dives. Doesnt matter that it came off of a 15% July rally, cause its was falsely oversold in June due to whatever, capital gains etc. So we basically just snapped back from oversold, but have not had a decent breakout due to the rates coming down