XRT's technical picture is positive: it closed above its moving averages with positive RSI and MACD. Its current advance is largely driven by well-known, highly liquid retailers, unlike an earlier rise led by small-cap retailers.

This is the XRT retail group in the S& P 500. You can see that we have recorded a good close above these moving averages, with a positive RSI and a positive MACD now. I will tell you that during that period the XRT index was rising due to a number of small-cap retail companies , but this movement here is again largely due to a number of well-known and highly liquid retail companies that are doing well under these conditions.