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.
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