January 18, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

What Recession?

Please click here for a chart of retail ETF XRT.

Note the following:

• The U.S. economy is about 70% consumer based.  For this reason, prudent investors pay close attention to retail sales.
• The chart shows a strong move up in retail ETF XRT so far in 2023.

• The chart shows XRT made a higher low in December.
• The chart shows XRT is at a critical point relative to the trendline.  A dip below the trendline will be negative.
• The chart shows that XRT is approaching resistance.