Friday, September 24, 2021

#RetailStocks Review $XRT

Retail Stocks Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bag holders of trend transitions.

Retail Stocks' overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

Retail stocks' ($XRT) composite trend has Reset (R).

Matrix Name Column

The computer classifies the Reset (R) as Mid cycle. The composite cycle mean (x̅) is 0.44, so the R carries risk. Early cycle setups are better than Mid. The core position has been long for 15 months and 104%. Thank the Reddit crowd and stimulus for much of that. $XRT weekly price and time cycles are 3.1 and 1.18. BuS = 3.1 is a serious red flag for the bulls. Please do not join the Reddit crowd in chasing this core long position.

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Market-driven money flow, trend, and intermarket analysis is provided by an Access Key.