Pin the Retail on the Donkey at the Table

Despite the many calls for bargains in the retail sector, many prominent names remain weak today, such as KORS GES JWN M RL URBN. Of course, the SEC investigation into ICON is not helping the cause, either. And each day that AMZN is green only adds fuel to the argument that Mr. Bezos is eating the brick and mortars' lunch, whole. 

But as far as actionable trade ideas, the charts for those retail names remain fairly textbook short setups.

RL, for example, on the daily chart, below, is an "iconic" brand in its own right. However, price is below all major moving averages, and may be ripe to breakdown further. I view a move under $110 now as an actionable entry point on the short side. 

As for the market at-large today, we have a grinding midday bounce going with small caps lagging. I will cover more for Members in a brief Midday Video coming up.