The Consumer Is Alive

03/05/2010 9:36 am EST


Thomas Aspray

, Professional Trader & Analyst

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That is the message from the strong action of the retailers as the Dow Jones Retailers broke out above resistance a week ago. Many were skeptical over the economic recovery based on their pessimistic view of the consumer, but many of the high- and low-end retail stocks look quite strong. Family Dollar (FDO) surged Thursday on heavy volume with next major resistance at $40-$44. FDO was picked up in this recent S&P scan and has good support at $32-$34.

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