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 Strong But At Warning Level 0 comments
    Mar 5, 2012 1:04 PM | about stocks: RTH, DDS, M

    Regardless of the market weakness today, retail is doing well. The Merrill Lynch Retail HOLDRS ETF (NYSEARCA:RTH) is trading at $40.00, +0.04 (+0.10%). This is one of the most extended sectors in the market but still showing strength.

    Stocks like Dillard's, Inc. (NYSE:DDS) and Macy's, Inc. (NYSE:M) are higher today and still trading at or near 52 week highs. Retail has done well as economic news from the United States has been very strong. Anticipation of strong retail spending has propelled these stocks to multi year highs.

    Based on current analysis, most of these plays are overbought. Any hiccup in economic news could send these stocks south very quickly. The key this week will be to watch the Non Farm Payrolls on Friday. Should these numbers disappoint, watch for retail to get weak quickly.

    Gareth Soloway
    InTheMoneyStocks.com

    Stocks: RTH, DDS, M
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

  • 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.... http://bit.ly/YelpChart
    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. http://bit.ly/WMTAlert
    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.