Retail reactions

The squeeze in retailers got me out of Sears, except for 1 contract. Look at them all fly, Target, Ross, Abercrombie, Dollar Tree, even WMT on not so stellar news, but the game was always to set the bar too low and then to pretend to “beat” expectations.  And I see JCP up 13% after hours. With this kind of reaction, it is prudent to get back in after the dust settles.  Meanwhile profit taking emerges in other names,  as indexes flirts with new highs making one wonder if this is some sort of sector rotation.

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