InvestmentSentry

XRT Retail apocalypse headlines coming soon lol

Short
AMEX:XRT   SPDR S&P Retail ETF
Top 3 holdings (5%) = Rite Aid (RAD), Grubhub (GRUB), and Michael's (MIK)... rest of the top 10 doesn't look promising either. www.etf.com/XRT
Comment:
Broke straight through support. Now retesting $38 level. Rejected twice, looks like it will not break higher. Bearish divergence in play also.

On the flip side, top holdings look stronger now. Here is where it stands:
Stamps.com 3.66%
Etsy 3.01%
Wayfair 3.00%
Rite Aid 2.62%
Chewy, Inc. 2.28%
Amazon.com 2.11%
Grubhub 1.96%

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