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I'm Dan Fitzpatrick at Stock and OptionMarketMentor.com on Saturday,
January 26th.
This just a quick video here, I want to look at the XRT that's the
S&P Retail ETF ( $ XRT SPDR S&P Retail (ETF) )
and here's why.
It's been like a total leader, not the leading sector since
the beginning of the year,
but it's right up there and so I just want to bring this to your attention. In
this weekend's Weekend Update for members I'm talking about, basically, all
the different sectors and where you want on to be, so we got a lot more detail in
there. But for all you freebies, and I love every single one of you,
I just want you to know that retail is really a place where you need to be.
You're going to look at the weekly chart,
wouldn't it have been nice to have bought down there? Only the liars
did that,
but here you can see, on the weekly chart, we're actually just popping out of a
volatility squeeze, so again it's a weekly timeframes so you've got to stretch this puppy
out
and ask where you're going to be
over the next
several months, and I think we're going to be higher
here, not the ideal buy point
right now, this is not a right here, right now thing,
although you know what?
I wouldn't
hesitate to start scaling in, not because, Oh! you've got so much money that
you're afraid you're going to move the stock, come on.
What you're doing is, you're balancing the two sides of risk, the
risk of buying high and then getting crushed,
verses the risk of not buying at all
and getting left behind.
So you want to kind of balance the two,
and again, we'll look at the weekly time frame,
it's been trending sideways, essentially for most of 2012,
now we're breaking out to the upside. This is kind of a breakaway in this time
frame.
So take some stock here at $67.13, go ahead and snag some
with a longer-term time horizon. If you're saying, "Well, I'm going to buy it on Monday,
at $67.13
and then I'll sell it on Thursday."
You can go ahead and sell it on Thursday, just not next Thursday. Give it
some time,
take some stock now, any kind of pullback or
sideways drift that
allows these key moving averages
to come up a little closer,
you know, to the current price, we get this kind of deal, kind of coming around
or whatever, you know it's a safer buy point
when you can get it near the mean, which is, you know, the 50-day moving average
where this stock has been trading. So for the time being though,
just know that you've got two sides of risk; the risk of not buying now
and missing this,
verses the risk of buying now
and getting whacked by that.
All right members, I've got eleven retail stocks for you
in the Stock Watch video that we're going to go over. A couple of them are
popping out of squeezes, I've got some valuations for you,
and I'm going to tell you basically right where you need to be
right here, right now or at least on Monday, not right now. Okay, see you there.