Learn to day tradeOnline trading education

Individual Premium Services
Research Center (includes all below)
Free Services
Company Info

Testimonials
"Hi Gareth, I am a very happy premium Research Center subscriber to inthemoneystocks, and ...
Barry W. (email)
HOT CHARTS & ALERTS

Retailers Into Support, Can They Hold?
On June 28th, 2010 9:12pm Eastern Time

The Retail HOLDRs (ETF) (NYSE:RTH) has slammed into major support at $89.00 - $89.50.  Short term it is oversold and has a high probability of bounce. Should it fail to hold this level, it will have a significant support level at $86.00 - $86.50.

The retail sector has been slammed lately as the realization that the massive retail sales of late 2009 and early 2010 were somewhat false due to pent up demand for goods from the previous two years.  As this buying subsides reality sets back in.  We discussed this in depth in the first quarter of 2010 and called this exact issue.  While the retailers have fallen drastically, as always there is a possible trade on each side.  There may be a short term bounce here around $89.00.  In addition, should this fail to hold, another big level will be bounce worthy at $86.00.


RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2010 Townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd

Disclaimer: All comments made by Inthemoneystocks llc and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. Inthemoneystocks llc and its representatives assume no responsibility for your trading and investment results. All information for on the website was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Inthemoneystocks llc, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. Inthemoneystocks llc, its subsidiaries and all affiliated individuals assume no responsibilities for your trading and investment results.



Home      |       About Us      |       Join

-->
Copyright 2007-2010. inthemoneystocks.com. All rights reserved Site by whitemedia(version 2.7.0)