Good morning : last week we highlighted SMH- as indicated bearish S/T- *Many names with the SMH- (INTC,MU,AVGO) ext.-topped last week and have turned lower-
Today were focusing on XRT- and many names within the retail group-
This area of the MKT represents a limited UP side profile from a technical stand point and is setting up a pivotal TOP/H- and should be sold in my T/A opinion.
Some of the names within this group would include:GPS,ANF,TGT,M,JWN,BBY-
SELL/SS XRT @ 50.80-51- (5.12-13.18)
Here is the schematic on XRT-