|Retail Stocks Review|
Retail Stocks' overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.
Trading desks are buzzing this morning because the retail sales numbers came in hotter than expected. Hotter, of course, is a relative term. Government statistics are not that reliable, so learn to follow the message of the market. Yes, consumer consumption expenditures represents nearly 70% of GDP, so it's important.
Subscribers, however, follow retail stocks relative performance to the broader market. How are they doing? Not good. Retail stocks have been underperforming the broader market for 37 weeks. This is not going to change because the Commerce Dept reported better than expected retail sales, which it could easily revise next month.
Subscribers should be watching the cycle of time. Not cycle, bull or bear, lasts forever. Line 79 of the Matrix tells us the age of the retail stock underperformance. BrST > 2 says the cycle is vulnerable to an unexpected reversal.
Retail Stocks Oscillator
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