J.C.Penney (JCP) Short Candidate

JCP dropped just over 6% last week if measured from the close of the day ahead of earnigns to the close on Friday.  On the day of the earnings however JCP left an ugly outside day if we're ever seen one, followed by follow-through on Friday.  Various other retailers also acted up last week, Aeropostale […]

Retail Holdrs Trust (RTH) – Watching For Upside Momentum

The RTH recorded an inverted hammer on Tuesday, which often can lead to upside momentum if price doesn't fail far below the candle.  So far price has held up and on a daily close above 106.80 this could setup for a good but quick bucket 2 trade to the upside.  For now we are still […]