Retailers may be in for a seasonal hit this Sept- Nov as “above average” temperatures are expected to plague the east coast of 112.6 million consumers.
Disruptive weather patterns such as unforeseen seasonal temp volatilities could be the knife in the coffin for the struggling retailer. Since the 2H13, basket fund of retailers AMEX: XRT has developed a right angle ascending broadening structure. We are awaiting for a directional breakout of the geometrical formation, but will have to add price prints at +70% premium verse point of control 26.34. Use the red 200 simple moving average as the line in the sand for hints of a directional imbalance.