Retail Holdrs Trust (RTH) – Watching For Upside Momentum

10/06/2011 Uncategorized  No comments

RTH

The RTH recorded an inverted hammer on Tuesday, which often can lead to upside momentum if price doesn't fail far below the candle.  So far price has held up and on a daily close above 106.80 this could setup for a good but quick bucket 2 trade to the upside.  For now we are still in evaluation mode.  Stay tuned.

 

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