Apr. 2 at 4:56 AM
February retail sales "jumped" 0.6% to a record
$738B... seasonally adjusted. Strip the adjustment out and sales actually plunged. Two very different headlines depending on which lens you use. ⚠️
$IBUY sitting at
$62.55, down 16.60% QTR, trading below all key MAs — SMA20
$63.00, SMA50
$66.16. RSI 45.
$ONLN at
$53.33, barely clinging near SMA20
$53.43.
$EBIZ weakest of the group at
$26.71, RSI 41.90, -18.64% QTR.
Low relative volume across all three — 0.45x
$IBUY, 0.18x
$EBIZ. No conviction buying here. Retail ETFs in a downtrend. Watching
$ONLN's SMA20 as the line in the sand — lose it and this fades harder.
#RetailSales #ETFs #Trading