Monday, March 12, 2012

XRT Retail Sector Overbot Rising Wedge Negative Divergence

The same analysis for RTH applies to XRT. XRT represents more of the mall type stocks while the RTH represents more of the big box stores such as WMT. Projection is the same as the RTH, spank down on tap, and potential M top roll over follows. The importance of the Retail Sales data 8:30 AM tomorrow morning cannot be understated. This information is for educational and entertainment purposes only. Do not trade based on this information. Consult your financial advisor before making any investment decision.

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