InTheMoneyStocks Pro Traders Market Analysis

[ITMS]

Retail Stocks Hold Steady So Far


This morning, the retail sector is showing some strength. The popular Market Vectors Retail ETF (NYSEARCA:RTH) is trading higher by 0.06 cents to $39.50 a share. Traders can watch for intra-day resistance around the $39.58, and $39.70 levels. The daily chart remains strong and in an uptrend at this time. When the retail stocks hold up and trade higher this is a sign of consumer spending. It is important to note that consumer spending accounts for roughly 70.0 percent of the gross domestic product (GDP) in the United States. ...Continue reading here: http://bit.ly/wSnCgs