Footwear Maneuvering:
The footwear space is a concentrated one, and truth be told it has been leader is CROX. This name found solid support near the very round 10 number last March (it was below 3/18 and 3/23 but CLOSED above each time). SKX followed through very robustly Monday, after last Fridays break above a cup base pivot of 39.17, rising 7%. Former best in breed DECK is trading near a break above a rough bullish ascending triangle pivot of 340 (breakout carries measured move to 405). Below we take a look at Under Armour and how it is trading compared to Nike. It is acting very well compared to NKE, and the former play that had CFO problems seems to have that issue in the rear view mirror. UAA is breaking out after a few weeks of digestion, after a 26% move the weeks ending 2/5-12. Do not sleep in NKE as it approaches a double bottom pivot of 145.98. WWW is also at an interesting juncture, as it is above the round 40 number, a level that was resistance in both 2018 and 2019. That should be support going forward.