While I am not in a rush to put on any longs here, I did want to put out a final hour note that Macy’s has been impressive strong all day and indeed since its most recent rocket launch higher.
Black Friday, as you know, approaching, with all kinds of Tom Foolery awaiting minimum wage workers.
I wonder what Macy’s relative strength today is suggesting.
Either way, it is a high/tight bull flag to have on watch.
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Hello Chess.
My apologies for posting on your blog that GDX looked good for a bounce. OUCH.
I was wrong.
We all are. Just manage losses.
Macy’s (along with a ton of other retailers) is actually open on Thanksgiving this year. Can’t wait to trample for new stuff while my belly is still full from giving thanks!
LoL good luck