XRT is the retail ETF and every year we get a burst around the holiday season if you're patient.
Over the past three years, starting the beginning of November into December and even through some of January XRT and the Retail sector popped higher off the increased sales through the holiday season. Even last year while we experienced a correction to bear market in the market, the XRT long play had a chance for profitability by $5-6. This time around we expect a move higher from $43 up to $47 even $50 to capture the retail seasonality. The year to date POC is holding good support unless we see a strong market reversal in the last month of the year, the trade has potential.
Over the past three years, starting the beginning of November into December and even through some of January XRT and the Retail sector popped higher off the increased sales through the holiday season. Even last year while we experienced a correction to bear market in the market, the XRT long play had a chance for profitability by $5-6. This time around we expect a move higher from $43 up to $47 even $50 to capture the retail seasonality. The year to date POC is holding good support unless we see a strong market reversal in the last month of the year, the trade has potential.
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Join a community of active traders, both swing and day traders. Education & Live trading.
Free Trading Strategy Webinar: bit.ly/2DVb7Zi
Free Trading Strategy Webinar: bit.ly/2DVb7Zi
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.