The post-Thanksgiving shopping phenomenon known as Black Friday routinely shifts investors' attention toward the retail sector. As the holiday season begins, the group is emerging from a period of notable underperformance, which may present a counter-trend opportunity as retail earnings season nears its end and holiday spending comes in focus. The S & P Retail ETF (XRT) , a broad proxy for the space, recently completed a peak-to-trough decline of 13.6% from its September high, underscoring how earnings season has thus far failed to inspire buyers. This downdraft has fueled bearish sentiment, which from a contrarian standpoint can create an appealing backdrop for retailers heading into year-end. Oversold conditions have returned for XRT per the weekly stochastic oscillator for the first tim

See Full Page