“Sporting” Solid Gains:
At the very least stocks that have been behaving like the market overall has been in an uptrend should be put on a buy-watch list. More aggressive investors would see this action as worthy of a purchase. Below is the chart of DKS which is down just 2% YTD, a very respectable stat. Especially when you factor in they sell NKE (FL not faring as well with Nike goods), UAA, and YETI products. Under Armour is now trading with a 6 handle, when one year ago it was above 27. YETI is more than 70% off its annual peak which was made last November just above the very round par number. In the niche sporting goods space, it is good to see peer HIBB acting well too as it is higher by more than 50% from the week ending 5/27 which jumped almost 20% in the second-best WEEKLY volume in the last 5 years (ASO a periphery play acting well too). DKS is acting even better and although it is a few percent away from the suggested entry pivot keep an eagle eye on it. If this market can gain any traction into year-end this one will be one of the strongest out of the gate.