Restaurants and REITs Rock
09/13/2010 9:44 am EST
Two groups that have been strong recently are the restaurants and REITs. The restaurants are up about 5.7% in the last month and the weekly chart shows a well-established uptrend. The RS (Relative Performance) analysis turned positive early in 2010 and recently surged higher again. The REITs completed a head-and-shoulders bottom a year ago and broke out to the upside in March. They are up over 5% in the past month, having just broken out to the upside while showing positive RS.
Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com. The views expressed here are his own.