Trader’s Narrative

I’m seeing a lot of attention directed towards the weakness ni the US REIT sector:

the CBOE Dow Jones REIT Index (DJR) weak relative strength
DJR formed a clear “head and shoulders” pattern
the weakness in the real estate market in the US
DJR just fell through long term support at the 200 day moving average […]

It’s been a while since I mentioned Canadian REITs so here’s a quick recap of what is going on in this sector of the Canadian markets. Eventhough this is a trading blog, I look at income investing once in a while because I think its smart to sweep your trading earnings into relatively safe investments […]

Since the last time I wrote about them, Canadian REITs have come down much closer to their net asset value:

Here’s a quick overview of the sector breadth: 47% are above their 10 day moving average (MA), while 20% are above their 50 and 200 MA. Prices have on average bounced up quite a bit on […]

Every once in a while I check in with the Canadian REITs to see how they are doing. I can’t believe there are about 30 REITs now - it seemed just a while ago that there was hardly a dozen. For a complete list of the REITs that are included in my scan, skip to […]

Some highlights from the recent RBC Quarterly Review of REITs:

Q1/06 (Cdn.) capital market activity was muted, with only two offerings raising $271 million. This compares to Q1/05 volume of $506 million. While issuance began to accelerate near the end of Q1/06, with four REITs raising $457 million (with planned Q2 closing dates), there is also […]