Wednesday, April 8, 2009

Is the (CRE) still being played? SPG vs ViNO







CMBX spreads continue widening. Pundit chatter increasing on the situation.


Charts on SPG and VNO not much different. SPG is a little weaker with the "flat" OBV. Resistance @ 40, but is also a up trending pennant. Was this a May or June play?



edit 04/09: Updated chart showing "divergence" of the Acc/Dist and the OBV. Not a call to arms, but the OBV can signal a change is coming. Market is full of tards so it's hard to go against the grain at the moment.
Resistance for SPG @ 41ish, not 40ish.
Puts are expensive.

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