The next great ROTATION will be OUT of the overall market and INTO LAGGARDS.
This picture is worth a thousand words.
Get long the laggards and sell short the overall market, $ for $.
Risk 5%, Goal 8%-10%
Tim
TGT 58.72 +0.35, WMT 75.59 +0.31, SPY 197.10 +0.06
I tallied up the last four quarters of earnings from the last 4 earnings reports and came to this conclusion:
$55.79 last / $4.03 TTM earnings = 14 times trailing earnings = 7.1% earnings YIELD
Given all of the problems TGT has had in the last year and they can still generate a decent profit then I think they can turn this ship around. I know it looks ugly but...
Target reports earnings before the bell Wednesday. Data breach dec 19th, fired ceo, customers lost, effects .70 estimate? Walmart disappoints with their earnings and forward guidance. Have not decided yet what to do, if anything, but if they disappoint, some well placed put options could reward Wednesday, and if the markets slide down this week, which my radar...
Target recently completely redid their company security structure and the
market responded buy heavy buying confirmed with heavy volume and a huge reversal bar on the weekly..
I look for continued buying as the bears over did it.. Target is extremely well
run however like any major company is subject to a gaff in operations. I remember the new Coke in...
Traders are the most interesting people on the planet. We are always looking for clever ways to sustain this un-known through our discussion with the trade; i.e, descending wedges, alerts for repetition of price, red candle pivots, "go, go" (that is always at a high pitch and loudly spoken). This post is to demonstrate what a 52-week low looks like, how you can...
Target is clearly bearish and I look for support around 59 bucks which is the Kijun on the Monthly Ichimoku.
They guided lower for 2014 and with the credit card mess this target is likely to be hit. Any rally on the daily should be sold. XRT is under performing as well.
This is a good example of a great company making a huge mistake. Like Coke in the 1980's...
Detailed swing trade for TGT. Limit buy at 65 flat with a bracket in to stop loss exit -1.5 points and stop profit exit +5 points. Inverted head and shoulders indicating more upside.
Target is oversold and at a discount price. It is in a long uptrend on the weekly chart butit is in one of the valleys right now. This is a great buying opportunity with minimum risk and high reward.
Notice that both the MACD and RSI are showing a bullish divergence. This means that their lows are lower even though the stock's lows are higher.
I wouldn't think...
It's very interesting to see just how similar these two stock charts are.
It's hard to tell which one is which and yet they couldn't be more different.
Good old fashioned retail sales and good new fashioned high tech and yet they are moving to the beat of the same drummer.
I've pointed out this pair before and hope some of you have made some money buying TGT...
