|Day Low/High||50.48 / 51.85|
|52 Wk Low/High||23.77 / 88.77|
These familiar names are showing both technical and quantitative deterioration.
In the past two weeks PLNT has weakened and closed back below the declining 50-day moving average line.
Our government made businesses insolvent to conquer a disease it can't conquer, and now solid businesses that could have thrived, that could have been the next Walmart for all we know, are closing.
Market leadership may be lacking on Thursday despite rising trading volumes, plus an update on Apple, Microsoft, Mastercard, Amazon and Gilead.
The rally in PLNT is tired and likely to fade fast.
And when it comes to gyms and fitness, I would much rather be long Planet Fitness than Peloton. Not even close.
With people shut out of gyms and many now working out at home due to the coronavirus, the trade is to short Planet Fitness and go long Peloton.
PLNT could use its own personal trainer as the charts show lower lows likely -- now you have a real excuse to avoid the gym.
As the coronavirus causes worry about germs in the weight room, more people may exercise the option of working out at home with Peloton.
Plus, a bit of coaching on how to put your money to work opportunistically amid the uncertainty.
Our latest analysis on the fitness chain.
Interestingly, the spike in gold prices was indeed mimicked by a simultaneous spike in Bitcoin prices versus the U.S. dollar.
I expect PLNT to outperform over the next six weeks.
Retail has proved a volatile industry as tastes and trends change -- and now there are some signs that Amazon shares could be turning vulnerable, too.
Let's find a trainer versed in technical analysis as we check out the charts.
There are four possible headline risks that could put the kabosh on these markets.
As for pressure on the Chinese side, I think a September 17.8% decline in exports to the U.S. compounded on top of a 22% decline in August speaks for itself.
In the past three years, PLNT bulked up from $20 to $80 and now a major correction to the $50 area -- a 50% correction -- would not be a surprise.
A market repricing...which are the 'true' growth stocks now?
But buying a straddle might be your best one, here's the game plan.
I am long KSS, and have a number of options trades in play that I have used to reduce net basis.
The uptrend that technicians would have confirmed as late as last Wednesday, or even Thursday around mid-day, is now clearly a market in correction.
Every cup with handle pattern needs a selloff that leads to a fish hook that leads to a cup that leads to a handle. Ladies and gentlemen, I present Kohl's at 9x forward-looking earnings in potentially the fish hook stage. Don't forget the deals with...
I noticed a piece in The Financial Times over the weekend. Apparently, the mall is thought to be dead, as 7,426 store closures have been announced so far this year according to Coresight Research. Not seeing a whole lot of empty storefronts at your ...
Mid-June saw another attempt at the $80.00 level that failed as significant selling volume entered the picture once again.