XRT breaks triangle resistance
The Retail SPDR (XRT) is getting into the holiday spirit with a triangle breakout on Monday. The ETF has been lagging the broader market over the last two months. Notice that the S&P 500 is trading near a 52-week high, but XRT remains below its mid October high. Nevertheless, the triangle breakout is positive for the group and the consumer discretionary sector, which features many retail stocks.
