Mulling the REIT Trade

The REITs seem to have an aura of invincibility these days, leading most other sectors by a long shot to begin 2015. Nonetheless, on the first weekly chart, below, of the sector ETF, we can see that commercial real estate stocks have arrived directly back to resistance from various parts of 2007. I expect this to be a difficult level to immediately plow up and through. In addition, an individual REIT such as O is printing a daily chart bearish "shooting star" reversal on the second chart, below, after a steep uptrend. SRS and DRV are the levered bearish ETFs I am mulling to play the short side of REITs.