Downside Target Met In Retail Sector ETF (XRT)
Posted on: Friday, January 15th, 2016
The SPDR S&P 500 Retail Sector ETF (XRT) met our $40.00 initial downside target today, which was first mentioned in our November 16th Keys To This Week report, to capture a 3.02 point, 7% decline in 2 months.
Here is the chart from our November 16th report.
XRT daily through November 13th, 2015
Here is the current chart updated through 2:26 pm ET today (January 15th).
XRT daily through January 15th, 2016
Our initial interest in XRT was its positive statistical correlation to the S&P 500 (SPX), which has declined by 195.00 points or 9.5% during the same 2-month period.
All Contents © Copyright 2005-2019 Asbury Research LLC. The contents of all material available on this Internet site are copyrighted by Asbury Research LLC. unless otherwise indicated. All rights are reserved by Asbury Research LLC., and content may not be reproduced, downloaded, disseminated, published, or transferred in any form or by any means, except with the prior written permission of Asbury Research LLC., or as indicated below. Members of Asbury Research LLC. may download or print web pages for personal or academic use, consistent with their user agreement. However, no part of such content may be otherwise or subsequently reproduced, downloaded, disseminated, published, or transferred, in any form or by any means, except with the prior written permission of and with express attribution to Asbury Research LLC. Copyright infringement is a violation of federal law subject to criminal and civil penalties.