As long as FOMC remain hawkish real estate will continue to go down. New catalyst for move in this sector may be found this week on Wednesday when we will have new data about Fed Interest Rate Decision. As long as XLRE hold below 31.50, stay bearish and watch for follow through to clear 30.54 because we broke the trend-line.
If bulls build up power and broke 31.50, i will avoid this sector.
- Strong Stocks : AMT, CBG.
- Weak Stocks : AIV, GGP, KIM, MAC, HST, HCP, O, REG, SPG, VNO, VTR.