Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Note the beautiful negative divegence in place for the retail sector now, and, along with the rising wedge and overbot stochastics, will create a smack down. The daily chart is negatively diverged as well so watch retail this week to see it stumble and receive a potentially severe spank down. Perhaps some negative news will be released concerning holiday sales. Sales may have been more tepid than originally projected. Shorting RTH or XRT is one way to explore, or ETF's such as SZK, SCC or RETS are all possibilties, as well as looking for individual retail plays to short. HD and WMT are too extended to the upside now. Watch the retail sector closely this week. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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