Target sold off hard and recently put in a bear flag. It's breaking down out of there now.
I entered short yesterday via some Sept put spreads.
This is a highly inefficient company (relative to AMZN and WMT) running into a coming recession / depression. XLY sector was a short yesterday, but I didn't really want to short AMZN, so I picked what I think is one of the weak companies.
Will probably take profits and reassess before earnings.
I entered short yesterday via some Sept put spreads.
This is a highly inefficient company (relative to AMZN and WMT) running into a coming recession / depression. XLY sector was a short yesterday, but I didn't really want to short AMZN, so I picked what I think is one of the weak companies.
Will probably take profits and reassess before earnings.