Retail Strong But At Warning Level - Voice of the People
05 Marzo 2012 - 5:49PM
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Retail Strong But At Warning Level
Regardless of the market weakness today, retail is doing well.
The Merrill Lynch Retail HOLDRS ETF (RTH) is
trading at $40.00, +0.04 (+0.10%). This is one of the most extended
sectors in the market but still showing strength.
Stocks like Dillard's, Inc. (DDS) and
Macy's, Inc. (M) are higher today and still
trading at or near 52 week highs. Retail has done well as economic
news from the United States has been very strong. Anticipation of
strong retail spending has propelled these stocks to multi year
highs.
Based on current analysis, most of these plays are overbought.
Any hiccup in economic news could send these stocks south very
quickly. The key this week will be to watch the Non Farm Payrolls
on Friday. Should these numbers disappoint, watch for retail to get
weak quickly.
Gareth Soloway
InTheMoneyStocks.com
![](http://www.inthemoneystocks.com/images/stories/Gareth/2012_03/m03.05.12.jpg)
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DILLARDS INC-A (DDS): Free Stock Analysis Report
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