— Matthew Timpane, CMT (@mtimpane) November 3, 2021
Today’s Chart of the Day was shared by Matthew Timpane (@mtimpane). It’s a daily candlestick chart of the Retail ETF, $XRT, over the past two years. The top holdings in this ETF include $OSTK, $M, $DDS, $BOOT, and $SIG. Matthew points out that $XRT is breaking out to all-time highs after moving sideways for the majority of the year. It’s also breaking a nice round number of $100 for the first time if you believe psychological resistance is a thing. After 10-months of no progress, retail looks primed for its next leg higher.