Retail Bifurcation:

The diverse nature of the consumer group, show just how divided some names have become. Former laggard CMG has now become a best of breed player, and DPZ long thought of as a boss in retail is now floundering near bear market mode off 17% from most recent 52 week highs, after finding fatigue near the very round 300 number like it did last August. ETSY has glittered after a second double digit earnings related gain this morning. I can recall the days of certainty with death, taxes, and BBBY plunging after an earnings release. It has rallied 64% since its 12/24/18 lows, and has CLOSED 8 straight sessions above its 200 day SMA, something it is very unfamiliar with. The musical chairs of leaders and laggards in the arena is alive and well.

Special Delivery:

Valentines Day is in the rear view mirror, but one stock investors should keep on their radar is 1(800)FLOWERS.COM. The stock has momentum after consecutive powerful earnings reactions blossoming 19.6 and 31.1%, pun intended, on 1/31 and 11/1/18. Whichever way you slice it is well ahead of a daily cup base breakout pivot of 14.29 taken out on 1/31, or for longer term traders it climbed above a 15.10 pivot in a cup pattern that began the week ending 8/17/18. Things are looking rosy for the name.


Home furnishing plays have been acting well. TPX continues to act comfortably, pun intended, and now trades just 2% off most recent 52 week highs, and sits just below a WEEKLY double bottom trigger of 59.61 in a pattern 13 months long. WSM on the other hand still sits in bear market mode. Below is the chart of RH and how it was presented in our 2/21 Consumer Report. It is now above the ascending triangle and longer term investors could now focus on a WEEKLY cup base trigger of 164.59 in a pattern 7 months long.

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