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Retail Stocks Slip With Indexes

Commodities trading: <a href="http://www.tradingmetro.com/inthemoneystocks/2012/01/commodity-stocks-rally-how-much-is-left-in-the-tank/#comment-21" title="View the entire comment by Commodities trading">Hi there and thanks for this interesting and important post.
Chad: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/09/predicting-the-stock-market-collapse/#comment-18" title="View the entire comment by Chad">After the Crash, the Fed will start raising interest rates.
Craig: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/07/u-s-dollar-index-plummets-after-gdp/#comment-13" title="View the entire comment by Craig">The dollar index is what most mainstream media outlets refer
itmtrader: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/04/mining-stocks-are-still-lagging-the-precious-metals/#comment-11" title="View the entire comment by itmtrader">"Investor demand is very strong as an improvement in the
Top Step Trader: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/03/sandisk-corp-scalping-level-on-watch/#comment-5" title="View the entire comment by Top Step Trader">How right you are. SNDK is one of those stocks
Advocate of ICE: <a href="http://www.tradingmetro.com/inthemoneystocks/2011/03/pre-market-news-and-views/#comment-2" title="View the entire comment by Advocate of ICE">Nice pre-market commentary on the US Dollar Index (DX). Trade

April 12, 2012 at 4:37 pm • Posted in General

This morning, many of the leading retail stocks are declining lower to start the session. The important Merrill Lynch Retail HOLDRS ETF (NYSEARCA:RTH) is declining lower by 0.20 cents to $41.28 a share. This ETF will have intra-day support around the $41.25, and $40.93 levels. The daily chart for the RTH is still trading above the 50 moving average and this tells us that the ETF still has some strength.

Some leading retail stocks that are coming under selling pressure include Costco Wholesale Corporation (NASDAQ:COST), Target Corporation (NYSE:TGT), and Dollar General Corp. (NYSE:DG). All of these stocks are still holding up on the daily charts, however, this week the leading retail stocks have seen some profit taking.

Nicholas Santiago
InTheMoneyStocks.com