Bearish Butterfly with PRZ at 187 into earnings tomorrow am, looks like 4k 165/175 Call Spread Risk Reversals selling 155 Put trade today in Feb
Nothing on the daily, except moving above the down trend line, gave a clue to this last big move. The weekly showed support at the 100WMA. Nothing on the monthly, weekly or daily says a buy is safe here. Nor is there a firm sell, but the MA's don't support long term bullishness. We do have a higher hi from May (although not from this spring) and a higher...
RSI and MACD pointing lower into earnings but lower median line is nearby
Not the right day to short RL, when COH wouldn't sell of in a weak tape.
Will high end retailers follow DLTR and DG into the toilet?.
CORRELATION : 86 % CO -INTEGRATION : .96 LONG RL (GREEN)@ 149.96 SHORT UA (RED) @ 94.73 AVG DAYS IN TRADE : 15