And I suspect Amazon’s big after-hours drop won’t help matters on Friday.
I’ve been a fan of short positions for retailers, as well as the ETF (symbol XRT), but there’s one in particular I’d like to point out as my favorite: Williams-Sonoma. Here’s the chart:
On this quiet holiday weekend, I’m just going to share charts which have these characteristics: (1) I am not in position on any of them; (2) they look like attractive short set-ups; (3) they are all in the same sector; in this case: retail. Here you go:
In case there are still any people lunatic enough to short into this insane market, I have an idea for you to consider: Discount Shoe Warehouse. It fell hard yesterday, and I told myself if it ever rallied back to its gap, I’d like to short it. Well, that didn’t take long, because the very next day (that would be today: the math checks out) it did rally, so I’m short.