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XRT Short Again

Posted by StockBuz on June 9, 2016 at 5:17pm in Sectors and Short Setups

Yes,some areas of retail are showing strength such as discounters but high-end retail (where the big money is) has been weak as sh** and I'm calling a head and shoulders top on XRT here.   I just love the risk/reward here.  Cover above 43.30 so your risk is limited and your downside target is around $35-36.   Gotta love that.  Time in the market up to a month.

I may consider buying some long-dated calls once the target is met.  Then sit back and hope the back-to-school and holiday buying kicks in.

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Tags: retail, xrt, short setups
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