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Retail Stocks Hang Tough Despite Market Decline

|Includes:BBY, HD, LOW, VanEck Vectors Retail ETF (RTH), TGT
This afternoon, the major stock market indexes are all declining sharply lower. Many of the leading stock sectors are all under selling pressure. The retail stocks are also trading lower this afternoon, however, they are holding up better than many of the other leading stock indexes. Many traders and investors will trade the Retail Holders Trust (NYSE:RTH). This popular ETF is trading lower by $1.07 to $111.80 a share. This decline in the RTH  is around 1.0 percent which is much better than the 2.0 percent decline in the S&P 500 Index. This tells us that the RTH is showing some decent relative strength during the trading session. The RTH is also trading above the daily chart 50, and 200 moving averages which is another sign of daily chart strength.

Some of the leading retail stocks that are holding up well this afternoon include Home Depot Inc (NYSE:HD), Target Corp (NYSE:TGT), and Best Buy Inc (NYSE:BBY). All of these leading retail stocks have favorable seasonality trends at this time and it shows by today's action. These stocks continue to hold up well on the daily charts and could lead the markets higher on any stock rally. 

Nicholas Santiago

Stocks: RTH, HD, BBY, TGT, LOW