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One of the more noteworthy developments in recent days has been the move in retails.  After a weak 2017 that saw the SPDR S&P Retail ETF (XRT) up just 2.5 percent, underperformed the S&P by a wide margin, the ETF attracted some buying supports following the late January massive selloff.  Now the question is whether this is a beginning of a new uptrend or it’s merely a dead cat bounce?  Below is an update look at a trade in XRT.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – SPDR S&P Retail ETF (daily)

Our “U.S. Market Trading Map” painted XRT bars in green (buy) – see area ‘A’ in the chart. The ETF had been under selling pressure in recent weeks after the November 2017 rally ran out of steam near the mid 2015 breakdown point.  January correction tested support at the 100-day moving average. There is a distinct possibility that a W-shape pattern…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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