Retail Stocks Look Unshaken
The retail sector is holding up pretty well despite the early stock market decline. The Retail Holders Trust(NYSE:RTH) is trading higher by 0.25 cents to $109.86 a share. Short term traders can watch for intra-day support on the RTH around the $109.75 and $109.50 levels.
Some leading retail stocks that are holding up well this morning include Home Depot Inc.(NYSE:HD), Costco Wholesale Corp.(NASDAQ:COST), and TJX Companies Inc.(NYSE:TJX). These stocks are showing good intra-day relative strength, therefore, should the major stock indexes catch a bid higher these stocks could start to lead the markets higher.