Subtitles section Play video Print subtitles 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.
B1 retail stock risk weekly buying thursday Want to know where the money is going? Watch the retail sector. (January 25, 2013) 1413 16 Why Why posted on 2013/03/26 More Share Save Report Video vocabulary