Participation continues to expand across the board as more sectors and industries break out to new cycle highs.
The SPDR S&P Retail ETF $XRT is the latest example of this theme.
Here’s a look at XRT completing a textbook bearish-to-bullish reversal.
After spending nearly three years in the base-building process, buyers are finally taking control and kicking off a new uptrend.
This is the same bullish pattern we’ve seen so many times in this bull market. We’ve watched these formations take shape and resolve higher one after the next over the past few years. We don’t expect the retail index will be any different from those that came before it.
The path of least resistance is now higher for XRT.
Retail stocks deserve a spot on our radar, and it’s time to identify the best opportunities in this space.
Alfonso
Tomorrow, JC will host the weekly conference call for all members of ASC Premium.
