Retail ETF Eyes Breakout Above July Highs Amid Strong Consumer Confidence

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Retail ETF Eyes Breakout Above July Highs Amid Strong Consumer Confidence

In the Economic Modern Family, the most interesting sector is .data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==

After the strong , the ETF looks like a move over July highs should be followed.

The “vanity” trade continues to sit in dormancy, but is now producing a reduced-cost diet/obesity *****.

This is the place to be (vanity trades) as 2024 ends and 2025 begins.

By Vanity I mean all things beauty, makeup, skincare, and athletic wear; areas beat up that could come alive.

My guess is the move really begins in February 2025.

However, is slightly underperforming XRT and must also clear recent highs around 189.data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==

Looking at the consumer discretionary ETF XLY, it is in a bullish phase and above the July 6-month calendar range low.

The Real Motion indicator tells us there is still a bearish divergence in momentum.

Leadership to the benchmark is unremarkable.

Should XRT clear 80 and this clear 190, the odds of a ******* more up are high.

Plus, this would be a boon to the rest of the Family as well.

ETF Summary

• S&P 500 (SPY) 560 pivotal
• Russell 2000 (IWM) 217-227 current range
• Dow (DIA) 410 support
• Nasdaq (QQQ) 475 area pivotal
• Regional banks (KRE) 57 pivotal
• Semiconductors (SMH) 240 important support
• Transportation (IYT) 50-WMA or 64.50 support
• Biotechnology (IBB) 145-150 new range
• Retail (XRT) 75 support 80 resistance
• iShares iBoxx Hi Yd Cor Bond ETF (HYG) Back to 2022 levels and resistance-but still strong and risk on unless it breaks 78

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#Retail #ETF #Eyes #Breakout #July #Highs #Strong #Consumer #Confidence

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