Retail Strength

Michael Kors is a retail name that had an IPO in February of 2012. Bulls will argue that the name broke resistance at 58.60 and recently made all time highs. They will be looking for continued strength from here on out. Bears on the other hand will argue that the name trades at expensive multiples such as 18 times book value and a forward P/E of 30. Only time will tell for who is on the right side of the trade.

http://seaofopportunity.blogspot.com/


No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Healthcare REITs are Strong

Above we have the weekly and daily time frames of Ventas Inc. Healthcare REITs in general have been extremely bullish since they are currently offering yields more attractive than treasury bonds. Stock recently moved back to its 50EMA.

http://seaofopportunity.blogspot.com/

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Retail Short Trade

Vera Bradley is at a key resistance level at 25.50. I like this name on the short side and the trade can easily be managed with a stop at 25.50-26 depending on your risk tolerance. Looking for a move back down to 21-22. Many technical indicators reading extremely overbought as well.

http://seaofopportunity.blogspot.com/ 


No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

Battle at $47.30!

Do or die time for Cliffs Natural Resources. The stock is approaching a huge level at 47.30. My bias is leaning on the short side and I believe the coal sector is due for some more pain. That being said, the bull case is that CLF does have a 5.5% yield which is much more significant than treasuries. Longer term investors might see CLF as a value play as well but a test and clear fail of 47-47.30 would put CLF in favor of the bears.

http://seaofopportunity.blogspot.com/


 No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

All Time Highs: Express Scripts (ESRX)

Express Scripts making all time highs today. Stock is poised for higher prices in my opinion. I am looking for a pullback to enter a trade. With SPY near the upper end of its range, we could see a pullback soon if the bears come in with some force. Happy trading.

 http://seaofopportunity.blogspot.com/

 No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.