i found quite a few nice looking setups in the retail sector last night, mostly shorts, but wanted to see how the monthly sales numbers came in today before posting all of them.  as the retail sales numbers came in above expectations, which reverses the negative trend of the last few months, i’ll hold off on posted those setups unless the market starts to experience a “sell the news” reaction to the consensus estimate beat in the sector.  in trading, it’s not the news that matters but the reaction to that news.  so far, stock futures have traded up on the report but how that sector closes today and throughout the week will determine whether or not the time is right to get aggressively short the retail stocks.

last night, i posted a short setup/active trade for FL which i still plan to start scaling into today.  note, that post was not sent via the post notification email alerts but can be viewed in the post below. there are also several active shorts or setups on the site right now such as ROST, TJX, WMT, FDO, CGO, & M.