European retail is bouncing back with vigor... Trading at 80.8% below our estimate of its fair value Earnings are forecast to grow 28.45% per year Earnings grew by 394% over the past year My target is still around $30 30 euros... However, after this 50% rise, I'm afraid the squeeze will run out of steam and shorts will take over again...
Lululemon is gapping down on earnings despite a double beat. Nike is gapping down on earnings. A trend is showing weakness in these consumer discretionary based stocks. There will be many sympathy plays in the retail space. Watch XRT tomorrow.
Wouldn't it be a shame if the retail investors got quite a large correction to end the month negative after hitting record highs? I've been hearing again "this time's different" "What should I buy to get rich?" "What projects do you think are worth looking into?" We aren't even at halving yet. Come back down to reality. Wall Street retail is due for a nice shake out.
ANF has had an amazing run as I had expected it would back when I first published the trade. Of course, I had no idea it would have performed in such a manner. However, the time has come for at least a correction if not more. Wait for a crack in the recent uptrend and take your profits. Bulls and bears make money pigs get slaughtered! CAUTION!
Macro Monday 36 The Redbook Index – U.S Physical Retail Store Sales (Released Tomorrow Tuesday 4th March 2024) This Johnson Redbook Index is very useful at providing the most current insights into consumer spending habits in the U.S. It is released every week covering the prior Mon – Sun consumer spend period in physical outlets around the U.S. The index...
Walmart, Costco, Target, CVS, Home Depot, and Walgreens are the largest box store giants in the market. Proctor and Gamble along with Nike are in here because they are both also mega corporations and since P&G has so many products in these stores. Nike is also a staple in these stores but Proctor and Gamble especially belongs here. These Fibonacci Schematics are...
Alright bullish earnings and it popped up. Easy 200+. Buy now and sell when it hits that green line. Have your SL at 102.
Walmart, the retail behemoth, seems to have exhausted itself with the superb run seen in the share price from a low of $149 to $170 since the end of last year. We have a demark 9 exhaustion sell signal followed by bearish divergence (Price higher high not confirmed by lower high in the RSI). In addition we have seem the MACD cross down which could be suggesting...
XRT on the hourly has started to form what could be a Bullish head and Shoulders, if it plays out it could result in the XRT making a 0.886 Fibonacci Retrace likely starting before the end of the week. Additionally, the RSI has a Bullish Shark formation which could serve as further confirmation of the low.
WEBSITE Update: Not ready yet, but kind of ready. I believe it will just be a simple forum section, and I may or may not include a paid discord from there for day trading. However, I'm hesitant because I enjoy providing free content, but I'm not sure I'd have the time for a discord at the moment. Walmart: They got some cool stuff. The online shopping stuff, and...
This looks bearish. If it breaks below 17-18 then most likely it will hit 10-12 range. If it does then expect it to recover back to 24.
There is a Bullish Piercing Line at the PCZ of a Bullish Bat that is visible on the Quarterly time frame. We also have MACD and RSI Bullish Divergence to go along with it as well as Increasing Volume. This could be the start of something big for the price action and I speculate that shares of Walgreens could rise up to around $58 over the coming months.
Looks like it wants to hit 7.50 where it can meet its first resistance. If it holds 7.50 and break above it, then next target is 12. Huge volume recently and chart looks bullish, oversold, formed a bottom and looks like a U-shaped recovery.
W Formation is forming on Mr Price. It's been in a consolidation range since March, which prior that was in a continuous downtrend since April 2022. Now the price has broken above the downtrend, which is currently testing the support. And if it breaks above and through the neckline, we will see upside to come for the retail giant. This also falls in line with...
Walmart is the biggest retailer and the biggest employer in the US. This is a very simple setup with great risk-reward US bulls do not want to see this fail.
This is a continuation of a thesis we had from higher but by the looks of it, 45 may still be difficult for bulls and we may probe the lower 40s and possibly lower. Expecting broader short term bearish behavior following this market push off the lows.
Its sitting right at support now on a monthly chart. Nov-Dec months could be positive. If it loses 120, then next stop at 80.
Nice head and Shoulders on the United Parcel Service #UPS and FEDEX are the new dow transport indicator. An underlying determinant of how the consumer is faring Since the US is a consumer economy and Online shopping is the majority of retail if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate it would give your non...