“XRT, which put in a false breakout in early July but failed to breakdown below the 40-week MA. XRT is now back above the 40-week MA but has yet to reclaim the 10-week MA. On the daily chart the 10-day MA has turned up to provide support after trending lower for 20 bars in a row,” added Wagner.
The $615.4 million XRT is an equal-weight ETF, so no stock accounts for more than 1.21% of its 103 holdings. RTH’s top-10 holding combine for over 63% of that ETF’s weight. Those stocks include Wal-Mart (NYSE: WMT), Amazon (NasdaqGS:AMZN) and Home Depot (NYSE: HD).
Market Vectors Retail ETF
