“Over 1,400 NYSE stocks changed from Stock Trends Bullish to Stock Trends Weak Bullish amid the fray, with Weak Bullish stocks now accounting for 41 per cent of stocks trading on the Big Board, up from 5 per cent the previous week. Most benchmark indexes also turned Weak Bullish, the first taste of this shifting trend since the beginning of February when the market experienced a setback. A correction is clearly in the works again as the S&P 500 index closed the week 9 per cent below its high of late April,” Skot Kortje Reports From The Globe and Mail.
Kortje goes on to say, “Hit hardest last week were small-capitalization stocks – the Russell 2000 index is now 12 per cent below its April 26 high. But divergence from a bullish trend in the consumer cyclical, industrial and transportation sectors might hold the best opportunity for short-term traders looking for a rebound. Last week’s precipitous fall dropped these sector indexes to their 13-week moving average trend lines, but all remain at least 10 per cent above their level of three months ago, handily outperforming the broad U.S. stock market. Investors willing to stand up to the bearish turn in the stock market believe the global economic recovery has some legs, and that the U.S. consumer is slowly regaining confidence. For that reason, the performance of retail stocks is an important entry on the tip sheet of investors.”
“Despite continued high unemployment and consumer debt concerns, the market has been giving a nod to recovery, with bullish-trending retail stocks outpacing the S&P 500 for most of the past year and a half. Bullish investors undeterred by stock market jitters about sovereign debt problems in Europe will be interested in buying the pullback of retail stocks. The SPDR S&P Retail exchange-traded fund (NYSE:XRT) traded heavily last week – double its weekly average and its most active trading sessions ever. The fund dropped 7 per cent, just slightly more than the S&P 500 index. Retail apparel stocks account for 32 per cent of holdings, representing the largest weighting in the fund. The next largest weighting is in specialty retail and automotive stocks, both of which account for less than half the apparel stocks – so the clothing retailers’ relative strength is an important indicator of the fund’s resilience at the trend line,” Kortje Reports.
See more to the article: HERE
Here are some more details we put together on the SPDR S&P Retail ETF (NYSE:XRT) including a list of the holdings within the ETF below:
SPDR S&P Retail (NYSE:XRT)
The SPDR® S&P® Retail ETF seeks to replicate as closely as possible, before expenses, the total return performance of the S&P Retail Select Industry® Index (ticker: SPSIRETR). Our approach is designed to produce portfolios with low portfolio turnover, accurate tracking, and lower costs.
| Fund Name: | SPDR S&P Retail ETF | |||
| Ticker Symbol: | XRT | |||
| Holdings: | As Of 05/12/2010 | |||
| Name | Weight | Ticker | Sector | Shares Held |
| Netflix Inc | 2.32 | (NFLX) | Consumer Discretionary | 245203 |
| Jos A Bank Clothiers Inc | 2 | (JOSB) | Consumer Discretionary | 355642 |
| Anntaylor Stores Corp | 1.94 | (ANN) | Consumer Discretionary | 888986 |
| Caseys Gen Stores Inc | 1.89 | (CASY) | Consumer Staples | 573830 |
| O Reilly Automotive Inc | 1.82 | (ORLY) | Consumer Discretionary | 424186 |
| Gamestop Corp New | 1.81 | (GME) | Consumer Discretionary | 892746 |
| Tractor Supply Co | 1.8 | (TSCO) | Consumer Discretionary | 294211 |
| Monro Muffler Brake Inc | 1.77 | (MNRO) | Consumer Discretionary | 515981 |
| Officemax Inc Del | 1.75 | (OMX) | Consumer Discretionary | 1016634 |
| Family Dlr Stores Inc | 1.73 | (FDO) | Consumer Discretionary | 484747 |
| Limited Brands Inc | 1.73 | (LTD) | Consumer Discretionary | 722324 |
| Jo-Ann Stores Inc | 1.72 | (JAS) | Consumer Discretionary | 421530 |
| Dicks Sporting Goods Inc | 1.71 | (DKS) | Consumer Discretionary | 659731 |
| Macys Inc | 1.71 | (M) | Consumer Discretionary | 788355 |
| Rent A Ctr Inc New | 1.7 | (RCII) | Consumer Discretionary | 747193 |
| Autonation Inc | 1.69 | (AN) | Consumer Discretionary | 925120 |
| Best Buy Inc | 1.69 | (BBY) | Consumer Discretionary | 427381 |
| Petsmart Inc | 1.69 | (PETM) | Consumer Discretionary | 554149 |
| Dress Barn Inc | 1.68 | (DBRN) | Consumer Discretionary | 634305 |
| Sears Hldgs Corp | 1.68 | (SHLD) | Consumer Discretionary | 165955 |
| Whole Foods Mkt Inc | 1.67 | (WFMI) | Consumer Staples | 472379 |
| Tjx Cos Inc New | 1.66 | (TJX) | Consumer Discretionary | 407066 |
| Autozone Inc | 1.65 | (AZO) | Consumer Discretionary | 101508 |
| Dollar Tree Inc | 1.64 | (DLTR) | Consumer Discretionary | 304599 |
| Advance Auto Parts Inc | 1.64 | (AAP) | Consumer Discretionary | 406608 |
| Nordstrom Inc | 1.62 | (JWN) | Consumer Discretionary | 430585 |
| Urban Outfitters Inc | 1.62 | (URBN) | Consumer Discretionary | 470020 |
| Walgreen Co | 1.62 | (WAG) | Consumer Staples | 505503 |
| Target Corp | 1.62 | (TGT) | Consumer Discretionary | 323110 |
| Childrens Pl Retail Stores | 1.62 | (PLCE) | Consumer Discretionary | 403893 |
| J Crew Group Inc | 1.6 | (JCG) | Consumer Discretionary | 380218 |
| Kohls Corp | 1.6 | (KSS) | Consumer Discretionary | 319501 |
| Gap Inc Del | 1.59 | (GPS) | Consumer Discretionary | 752221 |
| Expedia Inc Del | 1.59 | (EXPE) | Consumer Discretionary | 768718 |
| Carmax Inc | 1.58 | (KMX) | Consumer Discretionary | 732774 |
| Cvs Caremark Corporation | 1.58 | (CVS) | Consumer Staples | 495158 |
| Chicos Fas Inc | 1.58 | (CHS) | Consumer Discretionary | 1162071 |
| Aeropostale | 1.57 | (ARO) | Consumer Discretionary | 608706 |
| Foot Locker Inc | 1.57 | (FL) | Consumer Discretionary | 1178496 |
| Tiffany & Co New | 1.57 | (TIF) | Consumer Discretionary | 372844 |
| Barnes & Noble Inc | 1.56 | (BKS) | Consumer Discretionary | 825789 |
| Collective Brands Inc | 1.55 | (PSS) | Consumer Discretionary | 773480 |
| Mens Wearhouse Inc | 1.55 | (MW) | Consumer Discretionary | 727410 |
| Ross Stores Inc | 1.54 | (ROST) | Consumer Discretionary | 324120 |
| Buckle Inc | 1.53 | (BKE) | Consumer Discretionary | 481770 |
| Amazon Com Inc | 1.53 | (AMZN) | Consumer Discretionary | 130097 |
| Abercrombie & Fitch Co | 1.51 | (ANF) | Consumer Discretionary | 397691 |
| Kroger Co | 1.49 | (KR) | Consumer Staples | 770181 |
| Staples Inc | 1.48 | (SPLS) | Consumer Discretionary | 732246 |
| Wal Mart Stores Inc | 1.46 | (WMT) | Consumer Staples | 318241 |
| Safeway Inc | 1.46 | (SWY) | Consumer Staples | 690754 |
| Penney J C Inc | 1.46 | (JCP) | Consumer Discretionary | 561165 |
| Costco Whsl Corp New | 1.45 | (COST) | Consumer Staples | 285068 |
| Group 1 Automotive Inc | 1.44 | (GPI) | Consumer Discretionary | 530965 |
| Hsn Inc | 1.43 | (HSNI) | Consumer Discretionary | 580748 |
| Radioshack Corp | 1.39 | (RSH) | Consumer Discretionary | 749774 |
| Priceline Com Inc | 1.37 | (PCLN) | Consumer Discretionary | 71788 |
| Guess Inc | 1.36 | (GES) | Consumer Discretionary | 375036 |
| Gymboree Corp | 1.34 | (GYMB) | Consumer Discretionary | 333656 |
| Office Depot Inc | 1.33 | (ODP) | Consumer Discretionary | 2154513 |
| American Eagle Outfitters N | 1.29 | (AEO) | Consumer Discretionary | 915186 |
| Supervalu Inc | 1.24 | (SVU) | Consumer Staples | 1001302 |
| State Str Instl Liquid Resvs | 0.22 | 85749P9A | Unassigned | 2491802 |
| U.S. Dollar | -0.01 | CASH_USD | Unassigned | -97359 |