XRT -Retail ETF Jan 8th
I’ve just updated the XRT (SPDR S&P Retail ETF) on the Live Chart Links page. Most of my thoughts are summed up in this static chart. Although one could certainly short XRT on a break below the 86.00-86.15 level (which would bring us below the yellow uptrend line), the potential gains on this trade are lower than I typically prefer. As such, this post will only be assigned to the General Market Analysis category and not the Short Trade Setups. However, I have started to run through the individual components of the retail sectors and there are quite a few stocks that look to be ripe for a quick pullback. Some of the more attractive setups will be posted as soon as I update the existing short trade ideas on the site which I am working on today. The live chart of XRT can be viewed by clicking here.