Eye On Retail: This Week's Sector Focus In Stock Waves

Aug 11, 2023 - 4:10 PM EDT

Stock Waves hosted a Live Video this week focusing on the retail sector.

The video first highlighted the chart on the XRT retail ETF, and then went on to examine about 30 individual stocks in the sector, including AMZN, COST, EBAY and TGT, plus another dozen or so member requests, including MARA, TSLA and TEVA.

The prevailing direction of these charts? Lower.

"While there are a few bright spots with some very nice long-term Risk:Reward potential, MANY charts in the Retail sector (XRT) have some highly concerning downside setups that look well ahead of any potential (B) wave top in the broad market," explains Stock Waves co-host Zac Mannes.

This week's Live Video was part of a weekly series (each Thursday) in which Zac and Stock Waves co-host Garrett Patten take an in-depth look at a specific sector, analyzing a popular sector ETF and then examining its top holdings.

Login to Stock Waves to view this week's video.

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