After Tuesday’s reversal lower, I like retail play Coach as a short idea back under $49. Note the declining 50 and longer-term moving averages, all above price on the daily chart, below. This is a damaged chart, despite the recent bounce.
On the long side, restaurants DFRG KONA continue to be hidden gems in this market, outperforming quite well on a relative and absolute basis.
Drop me your top tickers overnight.
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NBG
Love your analysis of the markets Chess!
V Meli Held up in sell-off
Kind of looks like RL’s chart.
Good eye