Retail HOLDRS Trust (RTH) $94.12 -1.77%
The Retail HOLDRS (RTH) are displaying relative weakness ahead of consumer confidence data. With the S&P 500 (.SPX) up three points in early trading, RTH is off 56 cents to $95.23 a share, with modest buying interest seen in RTH April puts and calls. Expectations are for a poor showing from the confidence report. Economists expect a decline to 73.4 in March, down from 75 the month before. Bonds are holding steady ahead of the data (due out in 10 min.), with the benchmark ten year Treasury up 7/32nd. The dollar, meanwhile, is giving some back on the euro (1.5568) and lower on the yen as well (100.21).
Category: All ETFs
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
