Lululemon is gapping down on earnings despite a double beat. Nike is gapping down on earnings. A trend is showing weakness in these consumer discretionary based stocks. There will be many sympathy plays in the retail space. Watch XRT tomorrow.
The Monthly Consolidation on XRT is almost done and I suspect the next move down will be quite large. EMTY is an etf which is a 1x leverage against XRT. My view is EMTY can double from here. Good luck!
The Nasdaq made a new 52 week high. can we officially say we entered a new bull market?
In this update review the recent price action and options flow data that suggests break of the 74 level is imminent, as such we identify a high probability trade strategy and price objectives to target.