Investing Opinion
Rise in Home Sales Deceiving
The real estate sector has seen a nice uptrend, primarily fueled by the one-time homebuyer tax credit and favorable lending rates. The is evident through the performance of the following equities: first, the SPDR S&P Homebuilders(XHB), which is up 68% from its March low of $8.23. It closed at $13.83 on Monday.
Second, the iShares Dow Jones Real Estate(IYR), is up 83% from its March low of $22.21. It closed at $40.61 on Monday. When investing in these equities a good way to mitigate the risk that inherently involved is through the use of an exit strategy. According to the latest data from www.SmartStops.net , an upward trend in these ETFs could come to an end at the following price levels: XHB at $13.39 and IYR at $40.65. Keep in mind that these price levels change on a daily basis and updated data can be found at the Website. -- Written By Kevin Grewal in Laguna Niguel, Calif.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
Connect with TheStreet