Retail Stocks Could Lead Other Sectors Higher

Pelican Press · July 30, 2024

This is the hidden content, please

Over the weekend we had a lot to say about our Family.

“If takes out the 227 level, we see no reason why the rally should not continue.”
“Sister , after a huge bearish move the week prior, followed through with more downside this past week.”
“ or our Prodigal Son, has had 3 spectacular weeks in a row. With KRE we still do not know if this is a massive technical bear market rally or a new bull market.”
“ held the weekly channel low. Granny, with all the ***** and gloom, closed the week up. Are there headwinds? Sure.”
“ looks well on its way to 160 area.”
“If joins in the rally, it will most likely infer a sea change coming for the Fed as well.”
“Let us not forget that the long bonds have their own look of a squeeze coming.”

A lot of “ifs.”

So, is it any big surprise that the week begins with all the Family thus far, trading inside last week’s trading range?

All but Retail XRT. But XRT only garnered a rally early in the day and settled within last week’s range.

We have some waiting and wading to do given earnings, , and all on tap.data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==

ETF Summary

This is the hidden content, please

#Retail #Stocks #Lead #Sectors #Higher

This is the hidden content, please