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Murky Forecast for Holiday Shopping

Some equities that will be influenced by Black Friday are:

  • SPDR S&P Select Retail ETF (XRT), up 93% from a March low of $18.27 to close at $35.17 on Monday
  • Merrill Lynch Retail HOLDRs (RTH), closing at $94.59 on Monday after seeing a March low of $61.26, an increase of 54%.
  • SPDR S&P Select Consumer Discretionary (XLY), up 80% from a March low of $16.11 to close at $28.94 on Monday.

When investing in equities, it is important to keep in mind the inherent risks involved. To help mitigate these risks, an exit strategy is important. According to the latest data at www.SmartStops.net, an upward trend in the aforementioned ETFs could come to an end at the following price points: XRT at $33.71; RTH at $90.83; and XLY at $27.61. These price points change on a daily basis as markets fluctuate and updated data can be found at www.SmartStops.net.

-- Written By Kevin Grewal in Laguna Niguel, Calif.

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At the time of publication, Grewal had no positions in equities mentioned.

Kevin Grewal serves as the editorial director and research analyst at The ETF Institute, which is the only independent organization providing financial professionals with certification, education, and training pertaining to exchange-traded funds (ETFs). Additionally, he serves as the editorial director at SmartStops.net where he focuses on mitigating risks and implementing exit strategies to preserve equity. Prior to this, Grewal was an analyst at a small hedge fund where he constructed portfolios dealing with stock lending, exchange-traded funds, arbitrage mechanisms and alternative investments. He is an expert at dealing with ETFs and holds a bachelor's degree from the University of California along with a MBA from the California State University, Fullerton.

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XLY $75.40 -0.41%
XRT $97.23 -0.06%
RTH $75.26 0.16%
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FB $78.10 0.70%

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