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Wez, starting to edge back into SKF as the oversold condition works off. Hoping for a bit more of a rally into financials in which I can get a better price for SKF
Jul 22 14:26 pm
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All Comments by TraderMark »Mervyn's: Another Retailer Going Down [View article]
SRS I have been buying here the past 48 hours
todd, only problem with RTH is Walmart is #1 holding @ nearly quarter of the ETF. As people flee away from stores they used to be able to afford they go to Walmart. So you are not getting a direct benefit.
Much like homebuilders, financials et al - you can short these groups about 80% the past year. The other 20% of the time they are rallying on either (a) short covering or (b) pundits screaming about an imminent recovery that never comes. So you have to pick your spots since the reversals are hot and heavy.