XRT short - below .618 Fib levelRejecting down trendline, below 50 DMA and the option flow ratio for March 17th is 4:1 puts.
Very strong numbers from economy today, which means the FED will have to raise rates again at some point this year.
I have been following the FOMC for 6 years, take every meeting cautiously. We also have CPI numbers on the 14th.
I am holding MArch 24th 61 puts at $1.15
GL!
Retail
DBGI | This is an Obvious Choice | LONGDigital Brands Group, Inc. provides apparel under various brands on direct-to-consumer and wholesale basis. The company offers denims; and men's suiting. It also designs, manufactures, and sells women's apparel, such as dresses, tops, jumpsuits, bottoms, sets, jackets, and rompers; and sweaters, skirts, shorts, athleisure bottoms, and other accessory products. In addition, the company offers custom and made-to- measure suiting and sportwear, shirts, jackets, pants, shorts, polos, T-shirts, tops, and bottoms. It sells its products under the Bailey 44, DSTLD, Harper & Jones, Stateside, Sundry, and ACE Studios brand names. The company sells directly to the consumer through its websites, as well as through its wholesale channel in specialty stores, select department stores, and own showrooms. Digital Brands Group, Inc. was formerly known as Denim.LA, Inc. Digital Brands Group, Inc. was incorporated in 2012 and is headquartered in Austin, Texas.
WATCH retail index: Walmart Amazon Target Costco HomeDepot"Consumer retail is 70% of the economy". If anyone know where we are heading next, it should be the major big box and big web consumer retails names in the "WATCH" INDEX. WATCH is just Walmart Amazon Target Costco and Home depot added together.
Head and Shoulders on Pepkor with strong downside to R16.38Head and Shoulders formed on Pepkor a few days ago.
The price broke below the neckline accompanying with other bearish signals.
200 >21>7 MA- Bearish
RSI<50 - Bearish divergence with lower highs
Target R16.38
ABOUT THE COMPANY
Pepkor was founded in 1965 by Renier van Rooyen and his wife, Elsie.
The company started as a small clothing store in Cape Town, South Africa, and has since expanded to become a major retail conglomerate.
Pepkor operates various retail brands, including Pep Stores, Ackermans, Shoe City, John Craig, Dunns, and Tekkie Town.
Pep Stores is the largest retail brand in the Pepkor group, with over 2,200 stores across Africa.
Ackermans is another major retail brand in the Pepkor group, specializing in clothing and homeware.
Shoe City is a shoe retailer with stores across South Africa.
John Craig is a menswear retailer with stores in South Africa and Namibia.
Dunns is a clothing and homeware retailer with stores across South Africa.
Tekkie Town is a footwear retailer with stores across South Africa.
The Search For Liquidity in ERA of TighteningYoung corporate executives in Mumbai, who may never have read Marx, were recently circulating by e-mail portions from Karl Marx's 150-year-old writings which lucidly talk about a stage in capitalism where banks would throw ever larger doses of cheap debt for consumption until there is a crises of repayment and the state would step in to take over the banks. Indeed, Marx had even said the original proponents of free trade will be forced to turn protectionist at some stage of globalisation!
So it was only appropriate that the G-20 leaders should have met so close to Marx's grave. In fact, there are many other warning signals the G-20 leaders can take from the writings of Marx, undoubtedly one of the greatest thinkers of the 19th century.
Seen in Marxian terms, the G-20 leaders represent the global bourgeoisie which wants to find new ways of revolutionising the instruments of production to take global capitalism to a higher level from what seems like a deep stagnation in large parts of the world today. In this context, Marx had specifically spoken about periods of commercial crises in advanced capitalist societies which are visited by an epidemic of overproduction
The epidemic of overproduction creates total disorder in bourgeois society, threatening existing property and productive forces at large.
Metair skyrocketing to R30.00 with a warningFalling Wedge which looks more like a rectangle flag formed on Metair.
We then saw a Major breakout today.
The next target is generally to the top of the formation.
However, we have mixed signals and a warning.
200>21>7 - Bearish
RSI>50 - Bullish
Target R30.00
WARNING
We need the price to break above the 200MA to indicate it's in a confirmed uptrend. We need to wait for this to happen before the bullishness shows more on the charts.
ABOUT
the group manages an international portfolio of companies that manufacture, distribute and retail products for energy storage and automotive components. Metair was formed in 1948, becoming a supplier of automotive components to a single OEM in South Africa in 1964.
Shoprite showing something unusual - Target R189.75W Formation has formed on Shoprite.
The strangest thing is that the 200MA is actually the Neckline of the pattern.
so if the price breaks below the 200MA, all Heck is going to break loose.
There are other bearish signs like
21>7>200 RSI<50
Bearish bias
My first target is R189.75.
CONCERNS:
We haven't had a break of structure yet. This means, the position will remain neutral until it does.
Academy Sports (ASO) I bought some of this near the IPO back around $15 a share. I cashed out around $28 a share. I wished I had held, it is now near $63 a share.
Small cap sports retailer out of Katy, TX with superb financials and growth plans. 0.47 PEG, ROE of 41.71%. Solidly increasing free cash flow and margins. Solid and steady accumulation.
$67.13 is 1.618 extension on monthly. $67.83 on weekly
2.142 extended on daily right now, so I am hoping for a pullback to the $57.74 on daily 23% extension, which is in the range of the thin vol profile on weekly down to volume expansion at $58.41
$51.66 mo. & weekly 23% fib retrace; thin vol profile on weekly down to $58.01
$51.51 prior swing high on weekly
$58.41 23% fib on daily; thin volume profile from $61.89 down to $58.41 fib
I don't chase, I always wait for a pullback to buy, so I am setting an entry target of $58.56 in hopes of a pullback to higher volume profile off that 2.142 extension.
The Foschini Group Waiting for a break up to R140.24Broken out of downtrend since September 2022
Cup and Handle has formed in the interim (with the handle in play).
We just need to wait for a breakout to the upside
7=21 but looks like it wants to cross up.
RSI>50 - Bullish (Good)
Target R140.24
General Info:
The Foschini Group (TFG) listed in 2002 on the JSE is a South African retail company founded in 1925 which is headquartered in Cape Town.
It has operations across South Africa (with over 1,000 stores and 20,000 employees), as well as in other countries in Africa and the UK.
The group's portfolio includes well-known brands such as Markham, American Swiss, The FIX, and Foschini.
#XRT - Retailers ETF consolidating for a breakout?Keep an eye on Retailers in the US. Fundamentally it doesn't feel right but technically its telling a different story. Nice consolidation off the 200 weekly ma since may Last year. Level is clear here. A convincing weekly break above $66.50 should see this move higher to at least a target of $77.50
SPY Cycle Patterns For Dec 12, 2022 - More sideways melt-up.Here are the SPY Cycle Patterns for this week.
Expect more sideways melt-up trending as we head into the Fed rate decision and key economic data.
Traders will start to shift into early 2023 expectations this week (after the Fed). Check out my other posts.
The markets are not expecting anything extraordinary right now - more of the same.
The Fed rate decision will likely come in between 50pb and 75pb (as expected).
All of this has been BAKED INTO the markets already.
I can tell you what I'm seeing out here in So. Cal... Shoppers EVERYWHERE. Traffic is a mess. Lots of our of state cars everywhere. Malls and shopping centers seem packed.
From what I can see, Q4:2022 will probably stay very solid for retail and online shopping. Unless there is some catalyst to BREAK the markets, US stocks should slide into 2023 with fairly strong expectations.
Follow my research.
IDX : ERAA BREAKING THE HEAD N SHOULDER PATTERN !!ERAA weekly chart show us that there is Head and Shoulder pattern (Reversal Pattern From Bullish To Bearish) and already break the H n S neckline.
Thats mean ERAA will going to the target area HnS at price 380-390 in the long game (Weekly).
Stochastic indicator in weekly already Oversold, so there is a chance price will have a short Rebound to the Neckline Area.
Disclaimer ON.
Buy Australian Dollar? HmmmUSD is having upside from the shaky risk perceptive that is the result of CCP protests in China. AUDUSD has traded into support following the dissapointing AU retail sales data.
Despite this I'm bullish the pair, as generally the market sentiment feels USD bearish & I'm looking for this trend to resume.
Find out if the AUDUSD will appreciate alongside me.
LiveWire LVW EV Motorcycle Company SPAC Blank Checkran across this in a Michael Burry article.
Transaction net proceeds of $545 million* will fund LiveWire's strategic plan to accelerate its go-to-market model, invest in new product development, and enhance global manufacturing & distribution capabilities
- LiveWire will benefit from industry-leading strategic partners - Harley-Davidson and KYMCO, a leading global powersports company headquartered in Taiwan - by leveraging their engineering expertise, manufacturing footprint, distribution, supply chain infrastructure and global logistics capabilities
- LiveWire pro forma enterprise value of approximately $1.77 billion
- Harley-Davidson and ABIC to Host a Joint Conference