The short is over. Go long now. Nike is in the XLY consumer disc etf.....the strongest sector etf within the SPY. I thought it was overvalued but that play is over now.
Compared to Bed Bath and Beyond, it is overvalued. BBBY also has a great selection for almost everything in the home. Basically, It's not a one stop pony.
Would not buy until it hit 60
Sentiment: Strong Sell