By Chris Kimble
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.
Black Friday is a week from tomorrow and Christmas is just 34 days away. We all know that the Christmas Season is very important to retailers. So what do the patterns look like leading into the important Christmas holiday season?
Four of the six retailers have created potential bearish patterns [Lowe's (NYSE:LOW), Target (NYSE:TGT), Dollar Tree (NASDAQ:DLTR) & Best Buy (NYSE:BBY)] and Wal-Mart (NYSE:WMT) and Home Depot (NYSE:HD) might have created Triple Tops.
Should Santa be concerned about the "prices and patterns" in leading retailers? YES!