Worry in Retail sector??

Retail is one sector that has held up really well lately but it seems like some of these stocks are losing steam and especially the run up ones might be something to keep an eye on... Deckers (DECK) showed some weakness today down nearly 10% on a downgrade.. Few other names that might join the camp soon are Chipotle (CMG), Dillards (DDS), Rost Stores (ROST)..

Chipotle - the old Cramer's favorite seems like losing its shine. Well still to early to say that.. But it has been unable to cross the 340 levels on last 4 occasions which shows lack of buying at higher levels... Again, too early to say but definitely something to keep an eye on if price action confirms cracks.. Checkout chart below..

Ross Store (ROST):

Dillards (DDS)

Another set of stock that might see weakness in near term are:

1.) Hansen Natural corp (HANS): Stock has seen a parabolic move and might see some cracks if we see profit booking in some of the run up names is .

2.) Stericycle (SRCL): another one that looks very weak on charts if breaks 75 levels


Abbot labs (ABT) and Google (GOOG) continue to remain favorite longs, charts of which are already posted earlier and view remains the same...

Intel (INTC) an accumulate one very decline for a medium to long term investor... Shall post a detailed funda / technical view on Intel soon...

Enjoy!