Per "Trading Markets": Among the top ETF PowerRatings funds going into trading on Thursday are the Vanguard REIT ETF (NYSE:VNQ - News), which maintained its top rating over the course of the trading day.
The pullback in real estate related exchange-traded funds means more overbought conditions for the ProShares UltraShort Real Estate ETF (NYSE:SRS - News), which has closed in overbought territory below the 200-day moving average for three out of the past four trading days.
i added a small amount to my pos at the clsoe thursday. we'll see what happens next week. real estate seems to be bouncing around with no direction. I expect the bottom to last another 12-18 months nationally. last few weeks rise was probably due to lack of vol.