S-REIT index is at 1.5 years low

No surprises as any tampering effort will increase interest rate thus make the cost of borrowing higher for all S-REIT players. And ever since Mr Fed have been hinting about the QE tampering, S-REIT counters have been suffering. Check the chart out below and you can see very clearly that the index now is way below all the moving averages (50,100, 200).  Plus you can see the lows getting lower. The last time it got this low was Aug 12!

What doe this means? It means from a technical point of view it is very bearish and is not prudent to enter yet. I suspect this downward trend will go lower before stabilizing.

How about fundamental side?

If readers have been following my post (previous post here), you will know that I like to use a simple financial ratio to filter ...