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Sunday, March 18, 2012
SRS UltraShort Real Estate ETF Daily Chart Oversold Positive Divergence
Keystone continues to like SRS moving forward which is an inverse play against the real estate sector. The consensus of traders and media pundits is that the real estate and housing sector is in recovery now and the worst is over. The SRS charts do not reinforce this idea. Another dip lower in the real estate market should begin, what better week for it to start than a week full of housing data that is ahead. SRS is ready to bounce from the positive divergence and oversold stochastics which means the consensus will be very disappointed as we move into summer. Projection is a bounce to test the 20 and 50-day MA area, then a small pull back to satisfy the red money flow line, then up and away. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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