Flag break for $XRT ?Potential fall from flag break. We get BBY SHLD and COST as potential catalysts this week of 5/23.
XRT trade ideas
Biting on RetailRetail sell off after a series of sub-par earning reports provides short term relief trade based on prior support and depressed RSI.
weak sector etf below cloud and 50 ma good volumemany 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
Wal-Mart, Always Low Prices? An UpdateEleven 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 discounting the here, but also the HEREAFTER.
If the consumer is supposed to lead the markets higher, the action in XRT is a warning of broad market weakness yet to come.
I hope this has been helpful. May all of your trades go well. Don.
XRT ShortXRT has broken down this morning
out of its trading range. I have my
target as the bottom of the previous
trading range. I will be buying put spreads
The Death Of Retail Stocks, SPDR S&P Retail (ETF) (NYSEARCA:XRT)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 activities. However, these days, getting out and enjoying what life has to offer comes with a price.
As many of you may or may not know, the US consumer makes up about 70% of the economy. That's a pretty hefty dependence on people going out and spending money. And spending is what many retailers SPDR S&P Retail (ETF) (NYSEARCA:XRT) are hoping for this summer, as they went through one of the coldest winter's on record. So with the Polar Vortex squarely in the rear view mirror, the pent-up consumer should be ready for that long awaited spending spree, right? Well not so fast, just as one nemesis in old man winter was put in hibernation, another foe in high Crude Oil (United States Oil Fund LP (ETF) (NYSEARCA:USO) has emerged.
So far not too many people are talking about high oil prices as this is seen as a temporary surge because of the new uncertainty in Iraq. However, we all know that its a matter of when, not if the pain will be felt at the pumps. Once the consumer starts to feel the pinch from high gas prices, it will inevitably hurt retailers SPDR S&P Retail (ETF) (NYSEARCA:XRT) as it always does.
Below is a chart of the SPDR S&P Retail (ETF) (NYSEARCA:XRT) showing not only the under performance of the retail sector, but some areas of support and potentially good opportunities to put on a long trade. So with the official start of summer and sun just days away, the retail sector might just be left out in the cold yet again.
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XRT SHORTXRT 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
XRT WeeklyLooking to go short. Waiting for some kind of bearish reversal confirmation. It seems to be putting a blow-off top.
RSI and MACD not confirming highs. Price is testing long term channel resistance.
Its getting ridiculous now.
Chart almost identical (but weaker) to XLY
Although I am going to wait for SPY to put in some kind of a top.
