I’ll level with ya. I’m bored to freaking tears with this market. Just absolutely stone cold bored. So I’m focused on product development.
Liquidity moves markets!Follow the money. Find the profits!
But, the show must go on, so here are some important retail charts whose earnings came out pre-market……….Home Depot, as always, just keeps climbing to infinity, as it has done for decades:
WalMart is also at a record high (and why not, with 25% unemployment?)
The dud is Kohl’s, whose former success I couldn’t understand at all. You ever been to one of these places? You want to commit seppuka after a few minutes inside.
One interesting roll-up of this is the retail fund, symbol XRT, which has been playing off its Fibonacci retracement levels exceptionally well. It’s banged right up against the 50% level at this moment.
Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.