InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • Retail On The Move 0 comments
    Jun 7, 2011 10:20 AM | about stocks: TJX, RTH, TGT

     This morning, the retail sector is showing early strength. The Retail Holders Trust(NYSE:RTH) is trading higher by $1.21 to $106.46 a share. When the retail sector shows intra-day strength it is usually a sign that the major stock indexes will hold up for the day. Over the past week, the retail stocks have been very weak, declining sharply over the past four trading sessions. This index is now oversold and looks to be bouncing higher this morning. Traders should watch for intra-day resistance on the RTH around the $107.00 level.

    Other leading retail stocks that are trading higher this morning are Target Corp.(NYSE:TGT), Costco Wholesale Corp.(NASDAQ:COST), and TJX Cos Inc.(NYSE:TJX). These leading retail stocks will usually track the action in the RTH, therefore, when the RTH looks to be coming into resistance it would be prudent to expect intra-day resistance in these stocks.

    Nicholas Santiago
    Stocks: TJX, RTH, TGT
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.