Performance of Real Estate ETF ($IYR)
Dec 22, 2009 to Feb 8, 2010: 47.75 down to 43.24 (down 9.5% on a volume of 557 billion)
Feb 9, 2010 to Mar 29, 2010: 43.24 up to 50.01 (up 15.7% on a volume of 402 billion)
IYR has never closed below its 50EWA (exponential weekly average) since July 27, 2009.
IYR has rarely closed below its 20EWA (exponential weekly average) since July 27, 2009.
IYR all-time high was 95 back in Feb 2007 and meltdown low was 21.
(95 + 21) / 2 = 58...isn't that the 52 week high? hmmm...
Sorry for butchering the TA...I'm a macro guy...but this is crazy silly performance considering all the upheaval in the Commercial Real Estate industry and all the unresolved mortgage, inventory and financing issues. Things are not 2005 all over again, which that last time IYR was trading in the 50's pre-meltdown.
