The Retail Miracle

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…

Designers 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.

Jack in the Box has a very well-formed top and a recent gap.

And, pretty much ripe for shorting already, HanesBrands.

Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...

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