Retail Stocks Relief Rally Meaningless For All Except Short-Term Traders
—> NewsInvestors chasing short-term strength in retail should consider the following: (1) the retail stock trend has been aligned down since February 2017, a total of 7 months; the averaged aligned down impulse has been 17 months since 2006 (chart1), and (2) retail stocks have been underpeforming the broader market since 2015 (chart2). Smart money won’t chase until chart1 and chart2…
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Source: http://edegrootinsights.blogspot.com/2017/08/retail-stocks-relief-rally-meaningless.html
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