Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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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