The go-to trade in this late summer market is simple and goes something like this.
- Find a beaten down sector.
- Watch for the initial surge off lows.
- Allow it to consolidate.
- Play either the pullback or break to highs.
Over the past two weeks, we've done this successfully with Netflix after the big tech pullback and BABA and China after the Asia reaction to the North Korea scare.
In this week's video, we analyze the retail sector and highlight 4 of my favorite retail plays. Retail is currently on step 3 of the 4 step process outlined for this market's go-to trade setup. This week we'll stalk this sector for our entry signal.
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