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
XRT Could Be An IT Tell
Started by
Cirrus
, Jan 18 2012 10:42 AM
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