so let's ask ourself where does the retail sector go from here? expectations are so low and with a whiff of positive news we're going up. it's anybodys guess on a day to day or week to week basis but there is no reason to believe we're in a downward trend because "it's due". the trend only ends once by definition and until proven otherwise we're heading higher.
today is low volume and profit taking by some longs. nothing more.
true but beating expectations based on an apocalyptic meltdown in the retail sector isn’t a terribly tall order either. again, i'm saying the sector and not bke itself. it will likely continue to lag slightly against expectations but as long as the sector over delivers bke will go along with it.