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US Markets - Retail Long Ideas - August 7, 2018
publication date: Aug 7, 2018
US Markets Update
Volume 2, Issue 7
August 7, 2018
Items of Interest:
- Consumer Discretionary continues to score very favorably with our multi-factor model, and in today's report, we are highlighting the Retail SPDR ETF, (XRT). After advancing 20% from the April low, the XRT has been consolidating those gains in the last two months and now looks poised to start another leg higher. The index has begun to emerge from an MFU-3 target zone with good relative performance vs. the ACWI, and we see another 7.75% upside from here.
In the attached pdf we highlight the XLY, XRT and 18 long ideas that are not very deviated from recent areas of support.