XRT is my JETS replacement. This month I was also trying to enter JETS but I couldn't get in at a good price.
XRT is an ETF reflecting the US retail industry, specifically the Consumer Discretionary segment. I selected them because with the pandemic optimism and the decreasing unemployment, I expect the customers to be less tight on their retail habits especially...
I am diversifying beyond selling puts on JETS as it seems to have had a significant bullish run.
XRT is an ETF reflecting the US retail industry, specifically the Consumer Discretionary segment. I selected them because with the pandemic optimism and the decreasing unemployment, I expect the customers to be less tight on their retail habits especially on everyday...
I've been tracking this one for about two weeks and today it looks like is going for the breakout. It may not occur today but I think it will happen soon enough. That could be my entry point, depending on the buying volume. I like this stock because is coming from a good uptrend, it held really well during the market correction, and the past 3 quarters had better...
XRTUSDT - another dip bought.
Ascending channel with a resistance that turned into support - $50.
TP1 short-term, TP2 mid-term.
Huge opportunity of buying, if $XRT lands in the purple area (~$40).
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Multiple retail names posting blowout numbers. Budget retail like FIVE, NKE, HBI, and URBN could also still see upside momentum. Notice the rejection off the 2018 highs. Selling bullish verticals in case it's a slow grind
Amazon is not in this Retail ETF - you couldn't tell looking this chart.
Seems we have a double top - that said on weekly basis looks like it goes higher but a pull back to average price and or support resistance would make sense - which may turn into an inflection point.
Top Five holding are:
Overstock.com, Inc. 6.15%
Lithia Motors, Inc. Class...
Same with XRT (retail)
No reason for it to break upwards considering everything is shutting back down, but the market isn't designed to make sense, it's designed to make money.
No position, feeling to bearish to play this stupid game...
On the news we could see some re-openings of the economy in certain states.
Retail is breaking out of a 2-week consolidation channel; after a double bottom April 3rd.
RSI @60, is in an uptrend. (Bull)
OBV is still consolidating (Bear)
We are testing the 50% fibonacci retracement line at $36.5 (closing price will be important)