Retail Stocks: Patience Now Could Mean Profits Later

“Granny Retail XRT continues to have my attention. I will follow her. Over 80 I am all in on a bull run in equities. Under 70, I am cautious, if not bearish, in equities.”You know what is incredible?

“What is a price channel? A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support.” Currently, XRT is in the middle of this high and wide channel. Analyzing the moving averages and phases is powerful but one can see that if the chart pattern is overlaid, XRT is now trading within the middle of the channel.

Momentum is in a bearish divergence as the red dots are beneath both the 50 and 200-DMAs while the price is above.However, the patient will be handsomely rewarded, as retail is huge and very necessary to keep the SPY and Dow on new all-time highs.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Is the Market Over the Hump?Stocks Analysis by Michele Schneider covering: S&P 500, iShares 20+ Year Treasury Bond ETF, iShares Transportation Average ETF, MP Materials Corp. Read Michele Schneider's latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Transportation Sector Resilience Could Set the Stage for a Broader Market RallyStocks Analysis by Michele Schneider covering: iShares Transportation Average ETF. Read Michele Schneider's latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Market Does a Turnaround Tuesday to Start SeptemberStocks Analysis by Michele Schneider covering: Nasdaq 100, Stratasys Ltd, SPDR® S&P Retail ETF, iShares Transportation Average ETF. Read Michele Schneider's latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »