11Nov12:51 pmEST

A Trashy Holiday Spread

You can practically drive an army of tractor-trailers through the massive spread seen in the consumer/retail space. 

Specifically, a name like AMZN keeps shooting the moon (along with GOOGL), while many prominent retail names like JWN M URBN have seemingly no bottoming in sight, perpetuating their already-steep downtrends. 

Moreover, for Members we have been reexamining the high-end (aspirational, too) plays like BID and TIF, both of which continue to weaken, seemingly under-the-radar. 

At issue, as we head into the holidays, is for how much longer the massive spread between the few, the proud, the steep winners, versus the increasingly weak losers. Typically, spreads these wide among such prominent names are not on the level, and do not last very long with at least some reversion. 

Meanwhile, small caps and biotech are churning at important price levels of their own. I am watching $117 below, still, on the IWM ETF and $330 on the IBB as important battlegrounds this week. 

Making Veteran Moves on Vete... The Fast and the Fluorious: ...

 
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