Tag "xrt"

3 Sector ETFs With Great Weekly Trading Setups (XOP, XRT, XLY)

For those traders who prefer trading ETFs vs individual names what follows are a few weekly charts to consider. They are all sector ETFs and are based on a simple understanding of supply and demand, tracked via trend lines and boxes (i.e., support and resistance). NOTE: We use the WEEKLY…

Caution: XRT Underperformance Puts Retailers In Focus

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…

Trading Ideas for the Week of January 7

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…