Multiple retail names posting blowout numbers. Budget retail like FIVE, NKE, HBI, and URBN could also still see upside momentum. Notice the rejection off the 2018 highs. Selling bullish verticals in case it's a slow grind
money $$ is moving from TECH to healthcare Retail Airlines restaurants stay away from Boeing company needs a rebirth Wait till mid / end of october for tech entry
Amazon is not in this Retail ETF - you couldn't tell looking this chart. Seems we have a double top - that said on weekly basis looks like it goes higher but a pull back to average price and or support resistance would make sense - which may turn into an inflection point. Top Five holding are: Overstock.com, Inc. 6.15% Lithia Motors, Inc. Class...
Same with XRT (retail) No reason for it to break upwards considering everything is shutting back down, but the market isn't designed to make sense, it's designed to make money. No position, feeling to bearish to play this stupid game...
Took some august 10P's here. If Kanye can't help you breakout then no one can. $XRT
NYSE:LB Played out to perfection last time. Right back in the sell/short zone.
On the news we could see some re-openings of the economy in certain states. Retail is breaking out of a 2-week consolidation channel; after a double bottom April 3rd. RSI @60, is in an uptrend. (Bull) OBV is still consolidating (Bear) We are testing the 50% fibonacci retracement line at $36.5 (closing price will be important)
Fundamentally retail is dead Bear Wolfe wave will go from $33 to $23 Time to sell short or buy puts. Stop just above Thur high. Great R:R
Bear Wolfe Wave after yesterday's high and then lower close. Has perfect symmetry. Most likely it will retrace 0.786 of yesterday's bar today before proceeding down. Sell short bottom of yesterday's bar, SL at top of bar and target at TL. Excellent R:R ratio
$AMZN Ascending triangle pattern says high probability of a monster breakout...set to reach much higher if confirmed.
The SPDR S&P Retail ETF closed above the resistance line yesterday but is seeing continuation of that breakout early in today's session. A close above the previous resistance line would confirm the breakout but a price above $45.70 would be better as price has rejected from there a couple of times prior.
XRT is the retail ETF and every year we get a burst around the holiday season if you're patient. Over the past three years, starting the beginning of November into December and even through some of January XRT and the Retail sector popped higher off the increased sales through the holiday season. Even last year while we experienced a correction to bear market in...
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You can't predict Trump, not even Trump can predict Trump. So who knows if we get a China deal or not... With the market stalled out for the day, I'm looking forward to next week. I expect XRT to close the gap next week and stay in the $42 waffle range. Trade talks Thu/Fri and you know Trump will Tweet something because he can't help himself. So a straddle in...
I expect this to move $1 in one direction or the other. WIsh I had remembered, I would have bought puts on an all or nothing bet. Retail is waaay overdone right now. If the numbers are good, expect an exhaustion gap and reversal.
A seasonality play in retail at long-term range rows with a break even below mid-range ... . Markets are wide here in the after hours, so may have to do some price discovery to get a fill. Metrics: Max Profit: $181/contract Max Loss/Buying Power Effect: $19/contract Break Even: 43.19 Delta/Theta: 5.55/-.09
I think the play for the end of the day tomorrow is a straddle on anything affected by a China deal. Who knows if it'll be good or bad, so straddle might be the best play. The cheap options candidate is retail ETF XRT, though we'll probably see more movement in chip stocks or AAPL. Buy at the end of the day, worst case you lose one night of premium.... Comments...