One sector that looked ready to falter as recently as last August was retail. As measured by the symbol XRT, however, retail has ascended overall by about 25%. I wanted to show some specific stocks that were bullishly configured and a few which still seem prone. The bullish ones include gargantuan Walmart:
Ruth’s (I realize this is a restaurant chain, but I’m keeping the notion of “retail” fairly broad here):
Kohl’s…….
Discount Shoe Warehouse…….
And, exploding after its own breakout, Best Buy:
Another similarly-explosive move was American Eagle, following its symmetric triangle:
Even in this bear-killing environment, there are a few intriguing setups, but they aren’t quite high enough for me to feel safe. Here is Pier 1, which I’d like to see recover to that blue horizontal:
Macy’s, whose strength has been particularly surprising, and which would be most appealing closer to that red horizontal:l
Jack in the Box has a very well-formed top and a recent gap:
And, pretty much ripe for shorting already, HanesBrands.
