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SPDR S&P Retail ETF Message Board

  • tbovee46 tbovee46 Mar 23, 2010 11:00 AM Flag

    XRT Psar bull signal credible, but . . .

    XRT is showing a Parabolic SAR bull signal, after a one-day bear whipsaw, and with the ADX at 47, I find it to be fairly credible. A high ADX suggests that a bull whipsaw is unlikely, especially for a stock that has been uptrending since Feb. 5.

    Some cautionary notes, though.

    The MACD, although bullish, is declining. And any price increase above the present levels brings XRT into a very congested area of resistance set in 2007. I think that will slow upward progress, as money left in the market back then finally gets out while the gettin' is once again good.

    So, I have a love-hate relationship with XRT.

    I've posted a more extensive analysis on my website at http://www.timbovee.com/2010/03/xrt.html

 
XRT
99.24-0.30(-0.30%)May 22 4:00 PMEDT