Technical Analysis
Weekly Technical Update – FTSE REIT Index
By Stock Market  •  September 5, 2012
Singapore's Acquisitive REITs Yield World’s Best Returns.  Once again, Singapore has achieved another accolades.  If you are interested in reading the article dated 4 Sep 2012, please refer to the following: http://www.businessweek.com/news/2012-09-04/singapore-reits-yield-world-s-best-returns-southeast-asia
 
If you recalled what we have discussed on 18 July 2012, FTSE ST Real Estate Investment Trusts Index was at 692.75 as of 16 July.  Our opinion is that a possibility of the Index testing its 720 levels.  Likewise, a move below 680 may indicate the possibility that this yield compression story may have being factored into the market. (On hindsight perspective, a move below 680 indicates better opportunity out in the market).  I think that there is some more leg to the upside, but one needs to be selective.  Not all the 24 stocks used in the calculation of FTSE ST Real Estate Investment Trusts Index are ......
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