Real Estate, Interest Rate Sensitive Sectors on the Mov

The standout sectors this morning have been RETAIL, REITS, FINANCIALS, and HOMEBUILDERS. Huh, really? Interest rate sensitive sectors that figure to benefit in a significant way from the Fed's intension to fight for growth, not against inflation...

Let's have a look at the Dow Jones Real Estate Index ETF (AMEX: IYR). What a move in the real estate sector. No wonder, though, because the interest rate sensitive sector is reacting to a sense that the Fed will press rates continually lower to improve the profitability of the banks, which in turn will relax some of their recently imposed restrictions on lending to both residential and commercial borrowers-- or so the theory goes. From a technical perspective, all roads point to 65.00 next.