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Drv

DRV a triple leveraged Real Estate ETF LONGDRV as a ETF of real estate stocks is likely somewhat responsive to the financial environment. My idea is that the recent rate hike of 0.25% will adversely effect home sales and liquidity especially given that the Fed has indicated that there will be on easing this year but perhaps some pauses. They take August off for the conference and party. The 2H chart shows price moving down from a high pivot in May. The zero-lag EMAs ( 35/70/280) are golden crossing. The MACD confirms that upward divergence.On the dual time frame RSI, the low TF green line has jumped up and looks solid. I will take a long swing trade here zooming into the 15-30 minute TF for an entry. I will also look at the options chain seeking an option expiring in 203 months reflecting a target of 48 between the POC line of the volume profile and the mean VWAP thick black line. I like to catch revesals early to profit from the bulk of the move. This is another opportunity.
AMEX:DRVLong
by AwesomeAvani
OPEN OpenDoor a Penny Real Estate LONGOPEN has earnings upcoming on 8/3. An analysis of the 4H chart with overlays shows bullish momentum in the set of zero lag EMA lines as well as upgoing anchored VWAP landlines. Price crossed over the mean VWAP ( thin black) and the POC line of the volume profile one month ago. The MACD shows bullish momentum since July 24th. The dual RSI indicator shows the low time frame green line rising and then crossing the steady higher black time frame line the past trading day and both being at the 60 level. OPEN is a long trade setup with earnings around the corner. I will take it.
NASDAQ:OPENLong
by AwesomeAvani
OPEN breaks out. Can it continue?OPEN a disruptive company in the residential real estate sector as shown on the 1H chart has continued out of a pullback. Is the continuation sustainable? I believe that inflation has become imbedded into the economy. Banks have survived the crisis with federal support and action. The Z score and relative trend index are impressive with the present indications. In an abundance of caution, the mass index is approaching the reversal zone above and could be somewhat predictive of a potential reversal. Moreover, the anchored VWAP lines with an origination ten trading days back shows price at three standard deviations above the mean VWAP. Overall, I believe that I should not enter a long uptrend this far into its extension when there are signs based on technical indicators. Instead, I will watch for another pullback or actual retracement.
NASDAQ:OPEN
by AwesomeAvani
NAIL- an ETF of Homebuilders 3X leveragedNAIL- is an ETF of Homebuilders; It is 3X leveraged. Price is up over 30% in the first two weeks \ of June. It is shown here on the 30-minute chart with the "Market Bias" indicator which shows uptrends in green and pull-back zones in gray. Presently, price is pulling back - when the gray colored trend indicator changes back to green, an optimal entry can be made.The ADX indicator has topped out as part of the early pullback. When the ADX goes below 25 and then crosses 25 from below, an entry can be made. An ADX over 50 and rising suggests that it is too late for an entry and not to chase but rather wait for a pullback. Overall, NAIL's price is now in early pullback by the "Market Bias: trend indicator and the ADX which shows now a decreasing trend directional strength. Price is more than one standard deviation above the mean anchored VWAP which is an level that professional traders want to sell from. Because of all of this I will wait for an entry on NAIL until a pullback is completed and the uptrend bullish continuation is seen.
AMEX:NAILLong
by AwesomeAvani
1
Multiple bullish patterns on DRVLong DRV = 3x Short Real Estate. To me looks primed and ready to go in the mid term to short term. DRV has been heading downwards in this ascending channel, and it has broken to the upside of the channel. Target of that one is around 66.77. Since breaking out of that pattern it has created two smaller bullish patterns, another ascending channel, and a bull flag with shorter term target of 57.77. I am not a professional, there are many ways to interpret charts and signals, I am only sharing what I see. Thank you.
AMEX:DRVLong
by mfrancisdli
1
Daily Real Estate ETF [DRV]: 1-Month Forecast Fundamental Perspective: In the past 50 days, the Direxion Daily Real Estate Bear 3X ETF (DRV) has experienced a surge of over 90%. As a leveraged ETF corresponding to the inverse of the Housing Market, this hardly comes as a surprise. In the past two weeks alone, the Federal Reserve raised benchmark interest rates by another 75 basis points in its ongoing struggle to curb inflation, and this has resulted in the mortgage interest rate increasing nearly 7%, adding even more pressure on potential homebuyers who are already struggling to navigate the historically high prices across the country. With 90% of mortgage holders having interest rates below 5%, not many are willing to part with a home, only to purchase a new one at an increased rate of 6.3%. Fueled mainly by this lack of supply, housing prices continue to rise in the short term, further amplifying the strain on the ever-growing housing bubble. Technical Perspective: From a technical standpoint, DRV is currently caught in a cross-current of two opposing channels, shown on the graph in yellow. The larger, ascending channel has been active for nearly a year, while the smaller, descending channel became active late last month when the price of DRV broke through the horizontal resistance of around $60. Examination using a custom, multi-timeframe WaveTrend indicator (coming soon) also indicates that a minor bearish divergence may playout in the second week of October, followed by a more significant bullish divergence that may push the price towards the upper portion of the ascending channel during the first few weeks of November. Note: The forecasted candles (shown in white) are based on lower timeframe fractals on the Heiken Ashi plot. They are intended to demonstrate one possibility of how price may interact with horizontal supports and channel boundaries in the coming month. The pivots in the projected price action have been retrofitted to be consistent with standard channel mechanics and Fibonacci spaced time intervals.
AMEX:DRVLong
by jdehorty
DRV - Long Feb 2022 $7 callsReal Estate starting to feel the pain in China as Evergrande implodes - How much longer before the contagion spreads? Weeks? Months? Clock is ticking. DRV x3 Real Estate short ETF has a couple nice Gaps to fill at ~$12 and ~$20. Stoch and RSI appear to be confirming a potential bottom/turn back up here on the weekly. AO also predicting a move up sooner than later. Last few times the RSI got this low on the weekly - DRV spiked hard soon thereafter. Adding to Feb 2022 $7 calls. Not financial advice.
AMEX:DRVLong
by Akksujean
1
Real-Estate Looking as Bearish as the Stock Market, Buy $DRVWhat is this chart? This is the MSCI Real-Estate Investment Trust (REIT) Index, it is the Index that DRV is backed by. DRV is a 3xLeveraged Short Real-Estate ETF. Why is it important? Because if you buy DRV while RMZ is crashing you can make some pretty insane returns. If you look at the Elliott Wave count on this chart and on the related SPX500 chart you will see that the counts are basically the same, it appears that we are in the midst of a non-limiting triangle that is at the end of a double combination. This means that both the Stock Market and REITs are going to stop growing for the next year or two and then at some point, after the triangle is complete, they are going to collapse. This basically means that the entire US Economy is going to go to shit like it did in 2007-09. Since it is a double combination that would imply around an 80% retracement of the Bull run starting in 2009. (SPX500 - Multi-year Elliott Wave Forecast...) How do we know if this chart is correct? Well we already have the break down out of the channel, and triangles are generally pretty easy to detect even in the very early stages. It also appears that there is significant momentum resistance and we are finding some resistance underneath the channel as well. There's also a perfect double top with the peak we made in the beginning of 2007. At this point it would take a whole lot for this to actually be able to push above the high, and I'd say that it is more or less confirmed. If the high is broken then it may be a good idea to change to a neutral economic outlook until more data is available. Remember that DRV is the big play here. The gains made from shorting RMZ are nothing compared to what DRV could be worth in a recession. The only reason we look at RMZ is because it is the underlying asset for DRV and because it's wave patterns are much more clear. The clouds are definitely dark over Cyclical City, I would be seriously cautious about being invested in housing and anything that is cyclical in nature for the next couple of years. The market has had a good run for the last 7 years but now it looks like its time for the cycles to change and for the Economy to once again enter into a bearish period. Another interesting thing I noticed when I accidentally analyzed the wrong chart, is that the MSCI Inc. Stock (The company that makes these Indices) looks like it could be reaching a peak. This would still be pretty speculative since there are no confirmations but it could be telling as to the overall strength of these indices and the stock market.
RShort
by Intuit
1
Real-Estate Not Looking Good? Buy $DRV (Elliott Wave Analysis)What is this chart? This is the Real-Estate Investment Trust (REIT) $MSCI it is the underlying asset for the 3xLeveraged Short Real-Estate ETF $DRV. Why is it important? Because if you buy $DRV during a housing market crash you can make some pretty insane returns, and if you look at the Elliott Wave count (unconfirmed) you will see that $MSCI has possibly just completed Wave-c of an Extended Zigzag. Since it also ended with a terminal impulse it means that at a minimum Wave-c needs to be completely retraced but since we are completing an extended zigzag, and we are most likely in a triangle, it is highly unlikely that we'd retrace ALL of the entire zigzag because, based on my stock market count, we are in the 2nd "Three" of a major correction that started in 2000. What does this mean? It means that if my chart is correct the Real-Estate market, and the US Economy, is about to collapse. The process will be slow and painful but this is a perfect starting point for it., the stock market is also reaching a nice high at this point it has basically triple topped. It seems like my related chart will probably continue to be right and the stock market growth will pretty much come to a halt and then the whole market will fall through the floor after about a year. I except there to be blood in the streets by the end of this. It will be at least as bad as 2007-09. So how do we know if this chart is right? Well first of all it's still extremely speculative (lower probability), if you wait for it to first break the lower yellow line, and then to break the red and blue lines, it will have more or less confirmed the Wave-c impulse and also the entire Zigzag. If you wait until the blue line there is still plenty of profit left but you did miss out on quite a bit (especially on $DRV) so it may be a good idea to take the risk of being wrong and start moving capital into this trade now. Since Wave-c ends on a terminal it needs to retrace the terminal in 50% or less time it took, and typically its much faster than that. This means that if this chart does end up being right the housing market (and in particular $MSCI) is going to crash very fast and very hard within the next year. How do we know if this chart is wrong? Well this would be the tippy top so if it moves up even a little bit from here it would be a good idea to stop-out and wait for a break down before taking this trade. That means that if you take the trade now on $DRV your R/R is over 1:1000. If you wait until there's a break down your R/R isn't quite as fantastic but the probability that this chart is correct increases substantially because it eliminates any other possibilities I may have overlooked. Remember that $DRV is the big play here. The gains made from shorting $MSCI are nothing compared to what $DRV could be worth in a recession. The only reason we look at $MSCI is because it is the underlying asset for $DRV and because it's wave patterns are much more clear. Again this is a very speculative and risky trade at this point it's definitely not recommend that you get overly aggressive until this trade has more confirmations! The clouds are definitely dark over Cyclical City, I would be seriously cautious about being invested in housing and anything that is cyclical in nature for the next couple of years. The market has had a good run for the last 7 years but now it looks like its time for the cycles to change and for the Economy to once again enter into a bearish period.
NYSE:MSCIShort
by Intuit
4