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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 Updated Through 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.