What are RetailersTelling Us Now? (by Leaf_West)

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I wrote a blog post back on April 28th about how the Retailers ETF/Index have led the market really since the bottoming last summer.  Here are the charts from that blog post:

XRT_April28, 2011_Weekly

XRT_April28, 2011_Daily

Here is the current daily chart … note the possible ending diagonal.

XRT_May2, 2011_Daily

XRT_May2, 2011_Daily_Rel to SPY

Relative strength versus the SPY shows that the Retailers are possible entering a weaker period coming up here.

I will post some charts of some of the weaker Retailers later today.

Cheers … Leaf_West