Retail/Semis

Earlier in the week we saw some rotational support into retail and semiconductors, I thought it would be short lived, apparently it's even shorter lived then I expected. Here are a few retailers' charts and SMH.

 BBY went negative at the highs yesterday and continue its weakness this a.m.

 BBY daily looking so far a lot like a reversal pattern with a shooting star yesterday and thus far today, a candle that would be considered confirmation of yesterday's reversal candle.

 SHLD Also went negative at the highs yesterday and gapped lower this morning, as the market had gapped higher.

 WMT rallied up to resistance, today's daily candle (so far)  looks a lot like a reversal could be confirmed.

 WMT's price action this morning

 Multiple highs in WMT all at negative divergences which are progressively worse.

SMH also has been negative into largely lateral trade and on this morning's short lived gap up.