CLICK ON CHART TO ENLARGE Retail is looking “Good”… Basic Materials has been looking “Bad”….. 500 index has been “Unchanged” for a few months. A chain is only as strong as its “weakest length!” …… If the “Bad/Weakest” (which is Basic Materials) can accomplish a breakout, many areas will look good! Keep an eye on the [...]
CLICK ON CHART TO ENLARGE Black Friday is fast approaching! Speaking of fast, XRT is breaking away from key resistance, moving above its 2007 highs. Game Plan….Be a buyer of the retail ETF (XRT) with a stop at $45.
Consumption remains important to the global community, especially to the U.S. economy… Is it possible to glean anything from Retail stock action of late? Retail ETF (RTH) was up over 4% on the week (almost twice the gain of the 500 index), on an upside breakout from its potential negative “Head & Shoulders” pattern. Very powerful move [...]
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