I’ve been mentioning recently how retail is one of the last remaining sectors to still look genuinely bullish. WalMart, the king of retail, proved this at the opening bell, vaulting nearly 10% higher (which, for a company this big, is as huge as its customers).
Slope of Hope Blog Posts
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A Good Option?
As a change of pace, here’s a long idea – – CBOE seems to have been battered down to an important supporting trendline.
The Unstoppables
If you had been put into a sleeping chamber for the past seven years and shown a series of the largest equities around, you would assume, quite understandably, that the Dow was probably at about 40,000 and hadn’t had a down day since George Bush left office. These stocks are the stalwarts – – and until they actually break down (which apparently is going to require a comet strike), no meaningful bear market can begin. They’re simply too strong.
We Will, We Will, ROKU
Hope For GE?
Well, since nothing – – but even a multi-hundred-billion dollar trade war – – can keep the market down for more than a few hours, might as well throw out a contrarian long idea. And it is poor, battered General Electric, which seems to have put in an important base.
The Difference 21 Years Can Make
Poised for Power
I hate to say it – – and I’m probably the last one you expect to say it – – but indexes looked poised to go roaring higher if they get a reason to do so. There are just too many broad bullish setups. Such as retail:
