Neutral ratings in consumer-based ETFs suggest these sectors may not be as overbought as they look.
Retail and homebuilding are two of the most overheated sectors in the market right now.
From the latest in youth fashion to clothes for the working world, apparel retailers fill Wednesday’s earnings calendar.
The Hot List: Strength in top retailers like Macy’s helped keep retail in bull market territory in the second half of the week.
DataTrader: Profit-taking in the sector sends funds like XLY and RTH into oversold territory. Time to buy?
Two of the hottest sectors for consumers are also among the few places where traders are likely to find short-term bargains on the bullish side of the market.
5 ETFs for the Next 5 Days: Heading into the second half of the week, sellers have become more aggressive in the market for both gold and retail ETFs. Here are a few that are moving toward levels where they have historically found short term buying strength.
Trading By the Numbers: With strong selling in major retailers like Amazon.com and Target, it is little surprise to see the Retail HOLDRS ETF pulling back into oversold territory ahead of Thursday’s open.
Trading By the Numbers The holiday shopping season is right around the corner. Here are a pair of stocks that should move disproportionately to any news on the strength – or lack thereof – on the part of the American consumer.
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