Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
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:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Retail Pops, Can It Last? 0 comments
    Nov 29, 2011 11:09 AM | about stocks: COST, WMT, HD, LOW, BBBY
    This morning, the leading retail stocks are trading higher. The important and highly traded Retail Holder Trust (NYSEARCA:RTH) is trading higher by $1.22 to $109.84 a share. This is a very solid move for the RTH. Traders should watch for intra-day resistance around the $110.00, and $110.50 levels. When the retail sector is rallying it is usually a sign that the U.S. Consumer is spending money. Consumer spending accounts for approximately 70.0 percent of the gross domestic product (GDP) in the United States. This is the reason why the politicians constantly want the public to spend money.

    Some leading retail stocks that are trading higher today include Home Depot Inc (NYSE:HD), Lowes Companies Inc (NYSE:LOW), WalMart Stores Inc (NYSE:WMT), and Costco Wholesale Corp (NASDAQ:COST). All of these stocks are facing some minor resistance on the daily charts, therefore, these stocks may need a little more consolidation before advancing much higher. In any case, all the leading retail stocks are holding up well at this time.

    Nicholas Santiago
    InTheMoneyStocks.com


    Stocks: COST, WMT, HD, LOW, BBBY
Back To InTheMoneyStocks.com'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

StockTalks

More »

Latest Comments


Posts by Themes
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.