Establishing a Beachhead in Retail

The first thing bears need to cement is a beachhead in the retail complex.

I referenced HD LOW as major retail plays which were short ideas this week.

And with their weakness today I am picking on the multi-year, monstrous winner SHW as a short right now, playing for a base breakdown on the third chart, below. My stop is a move over $209.

But given how whippy this market has been of late, I will likely cut any losing positions before that. I cut my bond short earlier to keep losses small, and am pressing my crude long.

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