TGT TRADE (SHORT)

This is another margin squeeze, we already know as I posted probably 2 months ago that grocery stores would be feeling the squeeze, now the discount big chain retailers that get everything that is made up of commodities that have rising to yearly or all time new highs, squeeze their margins and drag on their EPS.

TGT looks primed...

 A possible Broadening top or a H&S top in the making, either way there's a downside target of the red trendline to start.

 While I wouldn't mind being short now, you could wait for support here to be taken out under $53 with a stop around $55.60.

Here we see perfect confirmation for over a year and then a negative divergence before the break down.