Fake Out or Breakout? Decoding Retail Stocks' Next Steps Amid Market Challenges

While the ETF recently looked poised for a breakout and a weekly close over $80, the disappointing news is that it has yet to happen.

These are 3 ‘inside sectors” of the market and the US economy. And a very good “tell” on just how effective the market feels new policies will be.WMTWill Granny test the low of the range, or make another valiant attempt to clear above the persistent price range?The Daily chart shows one close over the key $80 area without a second or even another day confirmation.

The weekly chart is even more important. Should XRT get a new high weekly close over 79.16, that would be better confirmation of a further rally likely.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biotech Stocks About to Make a Seasonal Move Higher? Here's How to Spot a BreakoutStocks Analysis by Michele Schneider covering: S&P 500, iShares Biotechnology ETF. Read Michele Schneider's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

ARKK Set for a Breakout? Why Cathie Woods Fund Could Shine in the 2024 Bull MarketStocks Analysis by Michele Schneider covering: ARK Innovation ETF. Read Michele Schneider's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Could Cannabis Stocks Stage a Comeback in Trump's New Term?Stocks Analysis by Michele Schneider covering: AdvisorShares Pure US Cannabis ETF. Read Michele Schneider's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

What Is the High Yield to Debt Bonds Ratio Saying About Market Sentiment?Bonds Analysis by Michele Schneider covering: iShares iBoxx $ High Yield Corporate Bond ETF. Read Michele Schneider's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

4 retail stocks that look good even if the holiday shopping season is softWall Street research firm Telsey Advisory Group is upbeat on Costco, Amazon, Best Buy and TJX Companies.
Source: CNBC - 🏆 12. / 72 Read more »