InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Retail Stocks Hang Tough Despite Market Decline


This afternoon, the major stock market indexes are all declining sharply lower. Many of the leading stock sectors are all under selling pressure. The retail stocks are also trading lower this afternoon, however, they are holding up better than many of the other leading stock indexes. Many traders and investors will trade the Retail Holders Trust (NYSE:RTH). This popular ETF is trading lower by $1.07 to $111.80 a share. This decline in the RTH is around 1.0 percent which is much better than the 2.0 percent decline in the S&P 500 Index. This tells us that the RTH is showing some decent relative strength during the trading session. The RTH is also trading above the daily chart 50, and 200 moving averages which is another sign of daily chart strength. ...Continue reading here: http://bit.ly/txORSV