Post by
garyreins on Oct 21, 2024 6:27pm
DOUBLE TROUBLE?
If Im looking purely at the charts, it now looks like both VNQ AND XRE have sort of double topped (although xre didnt come close to its sept high like vnq). Double topping is never a good sign. Up until today it looked like the uptrend would resume unscathed after the "correction", but the 2% dive for the sector was pretty aggressive....
looks like the big boys may try to sink us till mid November until they reverse the trade
as frankie always said, "stay liquid"
may have to redeploy the 200k i sold, except for pmz, everything at currently a higher price than todays close
Comment by
Torontojay on Oct 21, 2024 6:41pm
Xre is down over a $1 since the Fed dropped interest rates. The US government is trying to orchestrate this elusive soft landing but at the expense of the long end of the curve rising. What complete morons they are. They are choosing inflation over a recession to kick the can down the road.