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One of the noteworthy developments in recent days has been the move in retailers. The group attracted some buying support after Donald Trump tweeted his “concerns” that e-commerce giant Amazon.com Inc. isn’t paying its fair share of taxes, hurting the U.S. Postal Service and putting many thousands of retailers out of business.  The SPDR S&P Retail ETF (XRT) surged 2.77 percent Wednesday, bringing its MTD gain up to 1.4 percent, outperformed the S&P by a wide margin.  Now the question is whether the rally has more legs?  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 (weekly)

Our “U.S. Market Trading Map” painted XRT bars in green (buy) – see area ‘A’ in the chart.  Over the past few months, XRT has been trending lower in a medium-term corrective mode as it worked off overbought conditions.  The February downswing tested and held support at the 4-year moving average.  This week’s massive bullish engulfing bar…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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