Rochester, NY 8/5/2009 8:48:35 PM
Spdr Retail Etf, XRT - Sluggish Retail Sales
SPDR RETAIL ETF
SPDR RETAIL ETF, XRT
WhisperFromWallStreet.com offers daily stock alerts to subscribers. Sign up for our free alerts newsletter.
The S&P Retail SPDR appears to be hitting a double top from a technical perspective. The SPDR doubled off its bottom of $14.79 reached late in 2008, and peaked close to $30 in early June.
The index now stands at $26.50 as of June 16, 2009. Another surprise was that traffic even slowed at discounters, who have benefited greatly from consumers trading down by substituting low-priced goods for normal purchases. Despite the slowdown in traffic, the discounters are still putting out fairly good sales numbers.
About WhisperFromWallStreet.com
WhisperfromWallStreet.com is a FREE award winning newsletter that specializes in sending alerts to our subscribers on stocks we think are going to run, why we think so, as well as teaching you how to become a better trader. We scan hundreds of stocks a day to find those that meet our criteria and when we find one, we send you an alert.
Sign up for our FREE alerts newsletter at WhisperfromWallStreet.com
Disclaimer: Full disclaimer at http://whisperfromwallstreet.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses.Neither WhisperFromWallStreet, nor any of its affiliates are registered investment advisors or broker dealers.
http://WhisperFromWallStreet.com offers daily stock alerts to subscribers. Scroll to bottom of page to sign up for our free alerts newsletter.
