Retail Holders (RTH) - 09-04-08
Retailers, who’ve been doing so well recently, may have lost a bit today, but still aren’t looking too bad. Up against the resistance though, it doesn’t look like RTH will break out any time soon. I’ve mentioned it before, but I’ll mention it again. Don’t buy RTH itself, just use it to gauge the retail market. Along with today’s sharp drop across the broader market, look for some of the retailers that have gotten overbought to correct back a little.
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