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ProShares UltraShort Consumer Goods Message Board

  • samspaghetti samspaghetti Apr 8, 2011 5:46 AM Flag

    Retail Charts

    The RTH chart is now coming up to the February highs again. Indicators are showing negative divergence, however, so this behavior is more typical and consistent with topping and rolling over.

    Retail sales data release yestererday placed all the retail bulls in happy land but the high gasoline cost will cut into retail sales as time ticks along. A slower summer season is coming as well. Some buoyancy in retail may occur over the next couple weeks in front of Easter.

    A smidge higher in price should set up RTH and retail in general to roll over again.

    For RTH chart google keystone speculator or view at stockcharts public charts list keystone speculator.

 
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