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Monday, May 14, 2012
IYR is a real estate ETF filled with REITs. JNK is a junk bond fund that we use for an indication on the will to speculate (i.e. 'risk on' or 'off'). Is this chart saying the various REITs that make up the IYR are leveraged garbage? If I can be bearish on JNK, how could I be bullish on IYR? A bullish 'Cup' was shown previously, but if the blue line breaks, I'll have significant doubts about that.