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Booking Holdings Inc. (BKNG)

Following its big rally up off of the 2020 market bottom, Booking Holdings (BKNG) spent most of 2021 stuck in a sideways trading range between $2,000 and $2,500 consolidating its gains. A November breakout turned to be false, but underlying support held through the ensuing correction, which occurred on falling volumes. Since December, accumulation has resumed with the shares climbing on increasing volumes. Yesterday, Booking broke out to a new all-time high above $2,700, signaling that the recent pause has ended and a new uptrend has commenced.

SPDR S&P Retail ETF (XRT) & Invesco Dynamic Leisure and Entertainment ETF (PEJ)

With the exception of a one-day relief rally, equity markets have continued to struggle, impacted by a number of cross currents. Much of the focus has been on the political tensions between Ukraine and Russia but in this issue of Equity Leaders Weekly, we take a look at current trends in the retail and leisure sectors.

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