You have to love Mr. Market’s sense of humor.
In the face of last week’s big “risk off” trade, some of the absurdly overpriced home furnishing stores, like Williams-Sonoma, not only held up remarkably well, but look poised to outperform should the market recover next week. Understand that with WSM, you are talking about a business that routinely charges over $1,000 for shiny pots and pans (lol). Ironically, those “silver” and “gold” pots did not sell off in sympathy with this precious metals last week, at least not at a store like WSM. Beyond that, The PPT algorithm detected a huge uptick in the hybrid scores for home furnishing businesses last week.
Below, you will find some annotated charts of interest in this sector.
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Great post Chess! What would we do w/o you out there giving us hits after hits! Thanks for all the hardwork 🙂
Thanks!
Thanks Chess. Always learning ideas and how to read the charts from our master.
Thank you
Thanks Chess! Appreciate all your help on 12631. When the market was down on Thursday, 4 out of 5 of your picks were green!! Continue to learn and prosper from your advice. TY.
Good man, Bill.