Tuesday, December 14, 2010

BBY A Sign of Things to Come in Retail

First it was GAP, I warned that grocery stores that work on ultra-slim profit margins, and count on high volume to make up for it, were probably a prime target for extended weakness. Last night in my Market scan I came up with some interesting results, primarily that retail is not looking half as good as the Retail Sales Report would have you believe. Today may offer an opportunity to get into some trades that my bounce a bit  the retail sector-including grocery stores "Sell the News"?

Here's a list of some of the stocks that popped up as looking like they'll soon be following in the footsteps of GAP/BBY-it my not be a one day decimation, but still worthy of investigation.

Here is the Retail Sector overall-all are daily charts

This includes retailers of all sorts, here are the specific retailers that look to present an opportunity.

 AMZN

 BJ

 FDO

 JCP

 M

 NILE

 QKLS

 RDK

 SKS

 SWY

 TGT

 WFMI

WMT

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