There are some really tempting shorts shaping up in some retail names that I watch. PVH Corp. (PVH) especially. I actually really like these retail names long term and would look to buy on any major pullbacks, but all these stocks are either coming up on their 50 or 200 day MA's and I expect to see some short term resistance. I will be covering any shorts quickly and buying any dips as I see the S&P heading to 1250 next couple weeks. I expect to be 70%-80% invested before non farm payrolls on Friday.
This is not a recommendation to buy or sell any securities. DAK was short PVH at time of publication but positions can change at anytime.
No comments:
Post a Comment