Oct
14
Retail
ByThe American consumer is still alive and kicking. Although the best retail seasonal period occurs in January, the pre-Thanksgiving trade still works relatively well. The trade is only one month long and lasts from October 28th to November 29th. The rationale for this trade is to be in the market before everyone else and get out when everyone else is getting in for the duration of the holiday season.
Look for this sector to hit support at $82 for an attractive entry point.
