Chart Notes:
U.S. real estate did go lower from last update of October 14, we our now on an Elliott Wave 3 on the Daily Chart, Elliott Wave 3 is always the longest wave, EW 4 never materialized. We are below the 200 Moving Average for the first time ever, the blue line, going back to 1999 data on chart anyway. On the Monthly chart, the above chart, we are at the 50 FIB RET, which means we could recover from here. But if it breaks the 50, watch out! But it does look like an EW 4 Wave is complete, which means now could be a great time to buy real estate. But we need more confirmation to see which way it is going to go.
iShares Dow Jones U.S. Real Estate Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Real Estate Index (the Index). The Index measures the performance of the real estate sector of the United States equity market. The Index includes companies in sub sectors, such as real estate holding and development, and real estate investment trusts (REITs). The Fund uses a representative sampling strategy in seeking to track the Index that collectively has an investment profile similar to the Index.