08Jan3:46 pmEST

Retail Footwear: Three's Company?

Lost in the shuffle of the rally in software stocks seems to be the extreme strength in select retail plays, especially relating to footwear, like CROX and FL. We have been tracking both with Members and now are looking for more to join the party as there are quite a few names in the space which could play catch-up, but one in particular with a strong chart at the moment, coiled up.

As for the market as a whole, we are seeing some impressive newfound resilience from bulls which figures to punish early shorts who are too eager for this bounce to roll back over. 

Without question, being an early short to a relief rally, even if the market eventually does crack, is an unnecessarily painful undertaking--Let's at least wait for the indices to lose their 20-day moving averages again. 

It's Not All About China Stock Market Recap 01/08/19 ...

 
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