While the indices gapped lower at the open, plenty of stocks are gapping higher, such as previously-lagging department stores JWN M, sandwich shop PBPB, and the estimable FU. In those types of situations, either you are in them before the move or it is probably best not to chase, especially with a continued mixed bag underneath the market’s surface.
While the much-discussed China name NQ is offering up a subdued earnings reaction, SINA is acting quite well. On the weekly chart, below, note that this area should now hold, roughly above $80, to cement a higher low from a well-defined bottoming pattern dating back to 2012. If that happens, the big social media China stock might just be getting started. Visually, you can see how important this level is.
Also note the S&P 500 is now one full year above its 200-day moving average, another rare occurrence in this market.
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LOCK such a beast.
scalped $SINA calls off the open for a nice gain. Could keep going, but hard to say in this market. Like $GLD puts after yesterday’s trend support broke
Very nice plays.
JWN is a great company and I’m not just saying that because I live in Seattle and shop at the flagship store.
They seem like they know what they’re doing as a business.
RMTI squeezing here.
They got it figured out for sure. Free shipping and free returns when you shop online – which means you can basically try on anything for free. No one else to my knowledge can pull that off. Plus they are really embracing new technology. Email receipts… you can check out anywhere in the store because the employees all have little computers that can run your card.
Even the Nordstom Rack stores are rad – this is were clothes go on like 50% discounts – and it’s still considered classy to shop there.
Don’t know much about the credit side of their biz, but I do know that a bunch of the fashionable ladies I hang out with have that Nordstrom CC.
Yeah the e-commerce/mobile payment factor is improving efficiencies and volumes for sure.