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SPDR S&P Retail ETF Message Board

  • tbovee46 tbovee46 Apr 22, 2010 1:26 PM Flag

    XRT psar bull signal

    XRT is showing a bull signal again on the parabolic sar after a three-day bearish whipsaw.

    The broader trend is up, so I give the bull signal some credibility. Also, the average directional index is high, at 52, suggesting little likelihood of a bull whipsaw.

    If the price can top $45.51, then it's blue skies -- there is no upside resistance beyond that point, which is 3% away.

    I've posted an analysis on my website at http://www.timbovee.com/2010/04/xrt.html

 
XRT
88.54-0.66(-0.74%)Sep 19 4:00 PMEDT

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