Jump to content



Photo

XRT Could Be An IT Tell


  • Please log in to reply
No replies to this topic

#1 Cirrus

Cirrus

    Member

  • TT Patron+
  • 5,735 posts

Posted 18 January 2012 - 10:42 AM

This is one of my key groups I constantly monitor....along with XOP, GDX, XSD, XLF, XLP, IYT, XLU and JNK. XRT is a critical group and is probably a pretty good tell on the US economy and GDP prospects over the next 3 to 6 months. The XRT is wound up tighter than a drum. I'm looking as going long a swing trade here with a tight stop on a break....keeping in mind a break out could be a fake out. On a fake break I think it's worth reversing the position to the other side. Either way I think this hints at a more directional market in the weeks ahead.

http://stockcharts.c...88824&r=349.png


http://stockcharts.c...89664&r=226.png