Consumption remains¬†important to the global community, especially¬†to the U.S. economy… Is it possible to glean anything from Retail stock action of late?

Retail ETF (RTH) was up over 4% on the week (almost twice the gain of the 500 index), on an upside breakout from its potential negative “Head & Shoulders” pattern. Very powerful move above the highs reached a year ago at (1) in the chart above.¬† Nasdaq continues to push higher and it fast approaching the highs set in late April.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past