Some extended consumer names, such as Marriott, are showing signs of breaking steep trends.
On the daily chart, below, note the potential bear flag consolidation ripe to break lower. Because of the steepness of the prior uptrend, the stock becomes all the more enticing of a short on weakness. Similar comments apply to the likes of CAR HOT WYN.
Drop me your top tickers overnight.
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Thanks Chess, any comment on the impact of $JO on past shorts like $SBUX and $DNKN? Cheers
Still expect them to get hit.