Eleven days ago I published a warning for severe selling in WMT.
Today WMT got sold down, HARD, and XRT had its worst day in years.
Macys, Kohls, TGT, WMT, GPS, NKE, FL, and most retail stocks in general, got clocked.
The charts for most retailers look terrible.
This is yet an indication that the stock markets are selling at P/E multiples that are are not only discounting the here, but also the HEREAFTER.
If the consumer is supposed to lead the markets higher, the action in XRT is a warning of broad market weakness yet to come.
I hope this has been helpful. May all of your trades go well. Don.
Today WMT got sold down, HARD, and XRT had its worst day in years.
Macys, Kohls, TGT, WMT, GPS, NKE, FL, and most retail stocks in general, got clocked.
The charts for most retailers look terrible.
This is yet an indication that the stock markets are selling at P/E multiples that are are not only discounting the here, but also the HEREAFTER.
If the consumer is supposed to lead the markets higher, the action in XRT is a warning of broad market weakness yet to come.
I hope this has been helpful. May all of your trades go well. Don.
