Tuesday, January 22, 2008

Strength in Retailers (again)

Posted by TraderMark at 10:13 AM TweetThis
These retailers look completely washed out - they are actually up today after a nice week (relatively speaking) last week - exhibiting a complete and utter exhaustion of sellers in this sector.

UA +5%
RL +2.5%
JWN +2.21%
M +2%
KSS +1.75%

With Under Armour (UA) now having all it's bad news priced in, it still looks quite appealing to me at these levels, but with so much other quality merchandise on sale I'll focus on those names. But it would be ironic to see the retailers to lead us back. But it would make a lot of sense as they've been beaten to a pulp for nearly half a year.


Posted by TraderMark at 10:13 AM

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