Today, most of the leading retail stocks are trading sharply lower. The popular Market Vectors Retail ETF (NYSEARCA:RTH) is trading lower by 0.45 cents to $40.96 a share. This decline in the RTH indicating that most leading retail stocks are trading lower. The one leading retail stock that is trading higher today is WalMart Stores Inc (NYSE:WMT). This morning, WMT stock is trading higher by 0.27 cents to $67.57 a share. Short term traders should watch for intra-day resistance around the $68.05, and $68.26 levels. WMT stock is the only stock in the sector that is showing intra-day relative strength.
Some other leading retail stocks that are coming under selling pressure today include Home Depot Inc (NYSE:HD), TJX Cos Inc (NYSE:TJX), and J.C. Penney Inc (NYSE:JCP). All of these retail stocks continue to look very weak on the intra-day charts.
