Friday, July 11, 2008

Retailers Sell Off

My retail stocks start to make me money. At least it compensate my heart ache on LVS. Did two trades today.
KSS Weekly Chart

Kohl's Corporation (KSS) : Looks like it has broken down from the rising flag formation. Possible supports at 32/25. Bought put for KSS.

ACE Weekly Chart

ACE Ltd (ACE): Looks like it has broken down from the rectangular box and also the first uptrend line. Possible supports at 46/45/37. Bought put for ACE.

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