Retail Stocks Finds Buyers

This morning, the leading retail stocks are the one industry group that is holding up well. The sector is being lead by Costco Wholesale Corporation (NASDAQ:COST), and Dollar Tree Inc (NASDAQ:DLTR). Both of these leading retail stocks are trading higher by more than 1.00 percent. Short term traders can watch for intra-day resistance on COST around the $85.00, and $85.50 levels. DLTR stock will have intra-day resistance around the $100.75, and $101.28 levels.

Some other leading retail stocks that are trading higher on the session include Wal-Mart Stores, Inc.
(NYSE:WMT), The TJX Companies Inc (NYSE:TJX), and Zumiez Inc (NASDAQ:ZUMZ) to name a few. Usually, when the leading retail stocks are holding up the major stock indexes will also hold up. This important sector is closely to tied to consumer spending which is necessary for the stock markets to inflate higher. Consumer spending accounts for roughly 70.0 percent of the GDP in the United States.

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About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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