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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who started this subject	2/13/2002 7:55:50 PM
From: Joe Stocks	Read Replies (1) of 787

Retail sales numbers. Lance Lewis makes some comments about the numbers in tonight's summary. Here's the link to his new website; dailymarketsummary.net "Retailers were higher across the board off the retail sales data released this morning. But let's take a look at this data. January retail sales rose 1.2 percent excluding autos, which we don't want to include because auto sales are now suffering due to last year's late zero-finance push (which we couldn't ignore in Q4 of last year.) See how the bull theory works? Now, when we also pull out gasoline sales from this number also, retail sales fell .6 percent, as it turns out that higher gasoline prices were the primary driver behind the "better than expected" data. So, higher gas prices are now the key to prosperity and a strong consumer? In any event, like with AMAT, the market focused on what it wanted to and for today the data was seen as a positive as the RLX rose a percent to a new high for the move."

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