Sunday Prep 10/10 - $TGT Depends on Retail ETF, $XRT

NYSE:TGT   Target Corporation
This one was on our Sunday Prep quite a few times. If you look at the retail ETF $XRT, the consolidation doesn’t look like it can be easily broken anytime soon. Any kind of push back into 93 – 95 you have all this resistance on the ETF. This can really translate into some levels on the names finding resistance in the sector. I like the 235-236 area, but if that area can’t hold the price down, I have zero problem taking the loss on it and reassessing if it can push up into that stacked pivot area around 241.