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-

 

 

Trade Design-

 

SELL/SS XRT @ 50.80-51-  (5.12-13.18)

 

STP=52

TGT1=47

TGT2=43

 

TIME=7.18.18

 

 

Here is the schematic on XRT-