If this is a wedgie and today's action completes the formation then the target is a little under $41. Of course with this pumptarded market, I'm expecting a big futures buy on close and a gap up again tomorrow before the tank on Fed dot plot.
Looks like XRT (retail ETF) is forming a wedgie with divergence. Doesn't look complete yet though, no position. Retail numbers were good last Friday but the profits aren't there and earnings sucked across the board (except LULU, lol) so there's really no compelling reason for a retail rally. AMZN and WMT are gonna bankrupt everyone else. If I was gonna invest...
retail ETF looks to be breaking down after consolidation. 45P june $SPY
With but a few trading days left in 2018, it's time to consider taking tax losses in non-tax deferred accounts Personally, I flattened out of virtually everything on Friday, taking my lumps here particularly in my SPY, QQQ static, defined risk core positions in this fairly atypical year-end sell-off so that I can start off 2019 fairly clean, with smaller 2018...
XRT puts have good liquidity, cheaper way to bet on COSTCO earnings than COST options. Going with puts this morning. Already down quite a bit while I'm typing this since most retailers are tanking anyways.
Whats up Traders, All of the explanation is on the chart.. . Retail Economic Data coming into play on this one majorly. We are looking for a breakthrough of the descending wedge pattern Looking for continued retail sales growth next month also.
Analysts used to gauge iPhone sales by the length of the line at Apple stores. General opinion and uninformed individuals are doing the same for RL, regarding in-store sales. Supply chain efficiencies improved significantly, YOY, revenue from online sales overseas is most robust it has ever been, and domestic transactions in America are strong online. If iPhone...
September's retail sales increased less than expected, partly due to the 1.8 percent decline in restaurant spending. This was the worst decline since 2016. Partly blamed on Hurricane Florence, that static is likely to be tuned out and the trend of mean reverting to continue after Q2-18's record $3.5B in sales - the strongest in almost 30 years. BLMN is expected...
AT40 = 16.7% of stocks are trading above their respective 40-day moving averages (DMAs) (a drop of 14.2 percentage points to an 8-month low and the first day of an oversold period) AT200 = 38.6% of stocks are trading above their respective 200DMAs (a drop of 7.6 percentage points to a 6-month low) VIX = 23.0 (an increase of 44.0%) Short-term Trading Call: bullish...
We can see clearly in this x-ray of the major index of USA there is a clear evolution in the last 3 months, you can clearly identify two sides, One that of the winners, made up of sectors such as;; Kie ( insurers ) / ITA ( defense, aerospace ) / splrct ( tech s&p 500 ) , . and on the other , you can see the side of the losers, :: made up of sectors of :: kbe (...
Toys R Us refuses to die. The hedge funds that own the debt of the bankrupt toy retailer decided to cancel an auction of assets and instead plan to revive the brand and even open new retail outlets. The prospects of another Toys R Us revival could become symbolic: the timing coincided with what looks like a top in retail stocks as represented by the SPDR S&P...
"The S&P 500 printed its first all-time high in 7 months just in time for a record bull market. The good mood underlines new trade opps." S&P 500 Historic All-Time Shines Cautious Light On Opportunities drduru.com $SPY $QQQ $IWM $XRT $XLF #VIX $BA $BBY $CAT $BIDU $CSCO $DKS $HIBB $FB $GE $M $MTCH $NFLX $NIB $QCOM $RDFN $Z $TOL $TSLA $WMT $YELP #AT40 #T2108
The volatility index experienced the most change over a week as macro worries resurfaced. AT40 also failed to confirm stock rally. Above the 40 (August 10, 2018) - Facing Fresh Macro Challenges and Lacking Technical Confirmations, the S&P 500 Stalls Under All-Time Highs drduru.com $SPY $QQQ $IWM $XLF $XRT #VIX #AT40 #T2108 $DXY $USDTRY $AUDJPY #forex $CMG $DPZ...
Shares of KORS appear to be breaking out to the upside from a bull flag formation on the weekly chart. Previous resistance at $70 should act as support to confirm. Longer-term resistance overhead at $75, the 61.8% retracement from the all-time highs north of $100 to the subsequent lows at $33. The target from the flag is around $82-85, which would coincide...
With volatility at somewhat of an ebb here, I'm eyeing exchange-traded funds for directional plays in lieu of just hand sitting. The setup pictured here is of a XLU diagonal with the long dated option out in Dec, the front month in August. I would prefer setting this up as a skip month (Aug/Oct), but an Oct expiry isn't available yet. Here are the metrics:...
A news-packed week ended with escalating trade wars. The market reacted with surgical precision but how long can infection be averted? "A News-Packed Week Hands Victory to Stock Market Bulls and Bears" drduru.com $SPY $QQQ #AT40 #T2108 $XRT $XLF $GS #VIX $IWM $AA $BA $BHP $CAT $CCS $RDFN $CORN $NIB $CPB $ETSY $GLD $SLV $USCR
Shares of JCP are back to their lows, setting a marginally lower low than before. Even so, I think this is a zone to buy against. The blue line represents its previous low. The lines of various shades of pink are extensions of previous swings, all of which suggest downside targets that are similar, thereby strengthening the area/levels. The green shaded box area...