SPDR S&P Retail ETF (XRT) & Lumber Continuous Contract (LB.F)

It has been another week of mixed action for equities and commodities. Stock markets in North America, Germany, and Japan retreated for much of the last week, then bounced back yesterday. In this issue of Equity Leaders Weekly, we look at recent action in the price of Lumber, and at how the retail sector has been reflecting changes in investor sentiment.

Eli Lilly and Company (LLY)

Four months of rangebound consolidation in Eli Lilly (LLY) shares ended yesterday with a major breakout that resolved a sideways rectangle that had formed between $220 and $275 to the upside. A breakaway gap on a surge in volume signaled renewed investor interest in LLY and the start of a new upleg.

Keep up to date on the latest financial market news.

Receive a daily newsletter with stock highlights, ETF rankings, weekly market focus and others.