Back in January, I wrote about Retail Sector underperformance and why it was worth watching. It turned out to be a good “tell” of what was to come for the equity markets as the S&P 500 ended up correcting over a 100 points to a low of 1738. Since that low, the S&P 500 has gone on to rally right back to near all time highs, while the Retail Index
There has been an interesting development in the S&P Retail Index (XRT) in recent weeks. Namely, it’s been severely underperforming the S&P 500. This is pretty important, because the XRT underperformance could be signaling a slowdown in consumer spending. And any slowdown in spending could effect far more than just the retailers comprising the XRT. For example, consumers may cut back on purchases of tablets which could have a ripple
By Alex Salomon Happy New Year to everyone!! It’s that time of the year when energy is flowing, so let’s take a look at some charts that appeal to me and offer up some ideas. Not advice, just sharing some trading ideas! Amazon.com (AMZN) The appeal is a break out above the multiple tops. When it happens (call it > $263) then the chart eventually opens up to $290. Just like