Let's have a look at the Dow Jones Real Estate Index ETF (IYR). What a move in the real estate sector. No wonder, though, because the interest rate sensitive sector is reacting to a sense that the Fed will press rates continually lower to improve the profitability of the banks, which in turn will relax some of their recently imposed restrictions on lending to both residential and commercial borrowers, or so the theory goes. From a technical perspective, all roads point to 65.00 next.



Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.