Two Scoops of Black Friday and Cyber Monday

Equities are mixed at the moment, with some parts of the Nasdaq looking a bit exhausted, short-term, while hot money players dabble in cryptocurrency-related plays. To be sure, a winner like Square (SQ) could use a few days to cool off and reset for a proper, lower risk swing long entry, and similar comments apply to the far more speculative RIOT. 

That said, Amazon continues to chug higher as a clear winner of Black Friday/Cyber Monday.

On that note, retail stocks have to get through the tail end of earnings season in the coming weeks, as it is tradition for them to report in the final innings of each quarter. 

The XRT, sector ETF for retail, updated below on the daily timeframe, still must clear $42 upside with more conviction than what we have seen of late. However, the attempted breakdown back in August remains a bull victory, provided that we do not see a complete meltdown like the natural gas ETF chart did last week. 

Without question, the footwear niche in retail is hot, and names like OLLI RH remain impressive. But if the entire sector is to offer actionable trades into Christmas and beyond, XRT versus $42 is shaping up as one of the more clear-cut battle into the end of this year.