Category Archives: Retail

Retail Rot

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Even though the market was bug-eyed bullish on Friday, roaring to highs never before seen in the history of humanity, retail continues to crumble. Macy’s, already down about 70% from its peak, fell nearly 8% on Friday alone. The scary thing is that if the analog I’ve pointed out dozens of times actually comes through, it’s just going to keep spiraling toward, well, $0.



Will the Dow Jones US Retail REITs Index Recover From Its 34% Decline?

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After dramatically dropping 34% from its historical high of 151.85 from mid-2016 to a low of 99.98 in May of this year, the Dow Jones US Retail REITs Index has been stuck in a sideways trading range and is attempting to maintain a stable position above a long-term 40% Fib retracement level of 102.42, as shown on the following MonthlyWeekly and Daily charts.

Longer term, the Monthly momentum and rate of change technical indicators are hinting of further weakness.

In the medium term, the Weekly momentum and rate of change technical indicators are hinting of potential strength. (more…)