Retailers Setting Up To The Short-Side Soon

  Stocks of retailers had an amazing run off the 2009 lows and earlier this year the Retail HOLDRS Trust (ARCA: RTH) exchange traded fund (ETF) posted an all time high.  For two years many investors argued the ‘rise of the retailers’ so to speak wasn’t’ justified.  As the Retail HOLDRS Trust (ARCA: RTH)  formed […]

Retailers (RTH) At Important Cusp

Here are the top 10 holdings of the Retail Holders Trust ETF (RTH).   Wal-Mart Stores, Inc. Common St WMT 17.76 Home Depot, Inc. (The) Common S HD 13.44 Amazon.com, Inc. AMZN 12.69 Walgreen Co. Common Stock WAG 7.23 Target Corporation Common Stock TGT 6.97 Lowe's Companies, Inc. Common S LOW 6.65 Costco Wholesale Corporation […]

Saks (SKS) Important Technical Juncture

We highlighted Saks (SKS) earlier this month here http://steadytrader.wpengine.com/chart-of-the-day-saks-sks/ The narrowing trading range has so far resolved to the downside but for us still too early for a trade given the critical juncture of the overall market and especially the technical development in SKS itself. On the chart below note how SKS fell out of the […]

Chart Of The Day: Saks (SKS)

Saks (SKS) got smacked hard in the 2008 sell-off…from the low $20s down to as low as$1.50.  Since then the stock has managed to pick itself back up in a big way and traded nicely technically.  Several nice bullish wedges and flags have successfully played out over the past three years.   Thus far in […]

UK Retailer Tesco (TSCO) Attractive Chart Pattern

We don't trade a ton of European stocks but the chart of UK retailar Tesco (TSCO on the London Stock Exchange) is looking juicy.  The inverted head and shoulders pattern not only put in a nice solid bottoming process in March, it also has a nice and defined entry (above 415), stop (below 400) and […]