Surprise News From Microsoft Drags Market, Signs Of Real Slippage Follow

Jun 2, 2022

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Nicely, this morning is a disappointment to this point. The shock information from Microsoft (NASDAQ:) briefly took the market down exhausting, however as I’m typing this, each single inventory futures contract is within the inexperienced.

The actual property fund iShares U.S. Actual Property ETF (NYSE:) is down, nonetheless, regardless of the rally, and it stays one of many cleanest topping patterns in ETF-land.

IYR Chart.

The longer-term chart illustrates properly the bigger potential of this place.

Long-Term IYR Chart.

I suppose the day might be comparatively quiet as we await Friday morning’s job report. I’ve executed little buying and selling to this point, and I think even now I is perhaps executed for the day with any trades.

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