Online Spending expected to Surge - FusionIQ E-Commerce Group still sluggish
Online spending is expected to rise a robust 17 percent this year, despite a sluggish economy that has bruised many brick-based retailers, according to an annual survey to be released Tuesday.  Retail sales online, excluding travel purchases, are set to grow to $204 billion in 2008 from $174.5 billion last year, fueled by sales of apparel, computers and autos, according to a survey conducted by Internet analysis firm Forrester Research for Shop.org, the online arm of the National Retail Federation trade group. 
 
That said we offer a chart below of the FusionIQ E-commerce group, which has a bearish FusionIQ group technical rank of 36.  Clearly the steep downtrend in the chart suggests investors don't believe the rosy projections for E-commerce sales to be accurate.  With the exception of PCLN (FusionIQ rank 99) this still looks to be a group to avoid.

Comments
Leave a comment
Name
Email Address
URL
Remember personal info?
Comments
Blog Home
RSS Feed
Categories
Barron's
Breakouts/Breakdowns
ChartWatch
Company in the News
Equity Timing Signals (Buy/Sell)
Market Data
Media
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
Archives
April 2008
March 2008
February 2008
January 2008
December 2007