Retail Composite Still Positive

10/23/2009 9:25 am EST


Thomas Aspray

, Professional Trader & Analyst

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The S&P Retail Composite Index made new highs last week and is up over 28% since the July lows. The RS chart shows that the index outperformed the S&P 500 from late February until late April. Recently, the index has just performed slightly better than the S&P. Long-term resistance is 10% above current levels.

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