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Follow up on AVB and IYZ

November 20, 2016 by Don Roth

Avalon Bay Communities (AVB) monthly

avb2016_11_18m
(click chart to enlarge)

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Price broke trend line support and is down about 4% from entry.

I recommend exiting this trade.

There is major support at 149 represented by the horizontal red line. If price bounces there it might provide a better entry.

Dow Telecommunications Sector ETF (IYZ) daily

iyz2016_11_18d
(click chart to enlarge)

Continue to hold.

It appears to be behaving well.

Trade smart,

Don

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Don Roth

Don Roth, Smart Chart Investor

Recent Market Updates

  • Blow Off Top?
  • Major Announcement!
  • Trade Alert (BE)
  • Important Notice
  • Weekly Market Commentary and Pre Announcement

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