On Thursday the tech heavy Nasdaq 100 broke out of its year long range and hit a fresh 15-year high as we enter the heart of earnings season. This very strong action is typically bullish for the broader market and leading stocks. Three of the market’s leading groups right now include: Financials, technology, and the very strong biotech group. Underneath the surface, we always like to look for new emerging groups that are on the verge of breaking out. In that vein, the retail group remains perched below resistance of a new and bullish 5-month flat base. The $XRT is a popular exchange traded fund that tracks the retail group and serves as a good proxy for investors who want exposure to retail stocks.