Retail SPDR Holds Key Area and Shows Relative Strength

The chart below shows the Retail SPDR (XRT) bouncing off a support zone and remaining in an uptrend. For relative strength, the first indicator window shows the StockCharts Technical Rank (SCTR) above 90, which means XRT is in the top 10% of our ETF universe. The second window shows the price relative (XRT:SPY ratio) bottoming in early October and moving higher. This means XRT is outperforming SPY the last 3-4 months.


Click this image for a live chart

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