XRT-the retail stocks, have had a nice run from being oversold.
By my measures it is time to lighten up.
XRT-is at a Fibonacci .618 retracement, and there is a lot of over-head supply at about $46.50.
The phase energy is positive (lower indicator on top), but sagging.
RSI / Stochastic (top indicator) is over-bought, and likely to roll over (to the down side)...
Retail earnings are in full swing this upcoming week!
Here is a TA based version of my expectations for the week.
In previous quarters the strong USD and the slow down in Consumer Spending hit profits hard.
With retail sales up throughout the quarter and consumer confidence at 2016 high, all around beats are expected.
Driving retail market capitalization back...
Traders,
I shorted this pair previous week (See related ideas).
The market developed another oppertunnity to open an short position.
Everything is in the chart.
Best regards and good luck,
Traders,
Looking at XRT we seeing some fighting between the bulls and bears.
After the big Bullish candle we had suveral doji´s (including an harami signal).
after the gap down i think the bears will take over for now.
Let´s see if this one is going to play out!
Best of luck,
many retail stocks are weak short individuals oe etf- in our book on amazon same name we like long under 9 dollars and short higher prices or etfs-buy stop at cloud-cci and percent r bottom range money flow weak-adx right-stoc crossedwe like adx between 10 and 40 below 10 no trend above 40 almost done
Eleven days ago I published a warning for severe selling in WMT.
Today WMT got sold down, HARD, and XRT had its worst day in years.
Macys, Kohls, TGT, WMT, GPS, NKE, FL, and most retail stocks in general, got clocked.
The charts for most retailers look terrible.
This is yet an indication that the stock markets are selling at P/E multiples that are are not only...
Summer is the time of year when people like to really kick off their shoes and relax. It's a time when families pile into the car, take to the highways and head to that much anticipated summer vacation. A time when people like to fire up the BBQ and grill up their personal favorites. This is the season when people want to get out and really enjoy different...
XRT has failed on swing highs and is now
below the kumo cloud again. Price needs to take
out that 81.46 area for the short setup.
Stop would be the lower portion of the cloud
