Retail Under Early Pressure
Most of the leading retail stocks are coming under early selling pressure. The Market Vectors Retail ETF (NYSEARCA:RTH) is trading lower by $1.31 to $116.25 a share. This tells us that the majority of leading retail stocks are declining at the start of the day. Traders can watch for intra-day support around the $115.50, and $114.25 levels.
Some leading retail stocks that are actually trading positive this morning include Nike Inc (NYSE:NKE), Target Corp (NYSE:TGT), and WalMart Stores Inc (NYSE:WMT). It is important to note that all of these stocks are just slightly positive on the day. Most other leading retail stocks are declining lower this morning.