Bullish Case: Rising retail sector indication from lasting uptrend; significant bullish risk suggests market sentiment may continue driving XRT higher.


Bearish Case: With a flat term structure and low volatility, potential upside may be limited; economic variables could trigger a market pullback.


Potential Outcomes:

1. Further uptrend on strong retail sector performance (35%).

2. Market equilibrium results in sideways movement (40%).

3. Correction due to profit-taking or unexpected negative news (25%).


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March 29, 2024


SPDR Retail Forecast

XRT        SPDR Retail
Price Forecast: NEUTRAL    Price Action: TRENDING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with XRT



DGRO Forecast + Options Trading Strategies   [DGRO]  iShares Core Dividend Growth (0.97)


UDOW Forecast + Options Trading Strategies   [UDOW]  ProShares UltraPro Dow30 (0.97)


RSP Forecast + Options Trading Strategies   [RSP]  Invesco S&P 500 Equal Weight (0.97)


VIG Forecast + Options Trading Strategies   [VIG]  Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (0.96)


XLI Forecast + Options Trading Strategies   [XLI]  Industrial Select Sector SPDR (0.96)



Uncorrelated Stock Forecasts

Assets with little price relationship to XRT



WOR Forecast + Options Trading Strategies   [WOR]  Worthington Industries (-0.0)


MVIS Forecast + Options Trading Strategies   [MVIS]  Microvision (0.0)


JACK Forecast + Options Trading Strategies   [JACK]  Jack In The Box (0.0)


NNOX Forecast + Options Trading Strategies   [NNOX]  Nano X Imaging (0.01)


CLX Forecast + Options Trading Strategies   [CLX]  Clorox (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XRT



DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.93)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.96)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.96)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.96)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.96)





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