- ExchangeNew York Stock Exchange
- SectorGeneral Retailers
- CountryUnited States
Equal-Weighted Retail is Bottoming -- Add Exposure As part of the improving cyclical value theme, several of the down-and-out retail stocks are bottoming. This is depicted by bullish price and RS reversals in the SPDR S&P Retail ETF (XRT), helped by easing US-China trade tensions. Below we lay out what we believe is a timely and compelling case to add exposure to retail at current levels. • Broad Reversal of Fortune. Virtually all of our ~20 Retail Groups have staged an impressive turnaround, going through a 2-month bottoming process where they went from being bottom-barrel performers to now...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.