Consumerism Reigns

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Well, people, there’s only so long I can plausibly offer up good short ideas in the face of a market which pukes to new highs each day. So below are a couple of retail-oriented stocks that have powerful bullish formations. First, there’s Macy’s (as an aside, I’ll note that Nordstrom, symbol JWN, has a similar pattern)

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The other is Tiffany’s, which is sporting a different style of breakout. Personally, I find it hard to believe that any stocks represent good bargains right now, but viewing these charts independently of overall market valuations, they are clean breakouts.0429-TIF

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