Retail Names
Recently we have seen mixed results from retail names. In my YouTube video two days ago we reviewed how Louis Vuitton (LVMHF) came out with earnings and they were a disaster. The stock cratered as a result.
However, when you look at domestic names like LULU and ANF, we are seeing breakouts and strength. These are the names that we have been trading recently in the Alpha Chasers Community.
Retail Sales Data
We will get a better understanding of whatβs going on with retail at 8:30 this morning when Retail Sales data comes out.
You are looking for growth at 0.3% or higher. Anything below that and you can see retail names sell off.
We donβt know how the data will come in, but we do know that we will see volatility as a result of this data.
I discuss how I am trading it here: