This morning, many of the leading retail stocks are trading lower to start the day. The important Market Vectors Retail ETF (NYSEARCA:RTH) is trading lower by 0.19 to $43.05 a share. The daily chart of the RTH is still holding up very well. Short term traders can watch for intra-day support around the $42.88, and $42.68 levels.
Some other leading retail stocks that are coming under some early selling pressure include Home Depot Inc (NYSE:HD), Lowes Cos Inc (NYSE:LOW), Abercrombie & Fitch (NYSE:ANF), and Target Corp (NYSE:TGT). Traders must remember that this sector will often trade in tandem with each other.