I think that SSS may be not be good tomorrow. AEO SSS came in at -2% instead of the expected +1.2% attributed to poor store traffic especially in the warmer areas of the country. Target revised their sales down earlier and so did LOW because of hot dry weather. Now I'm wandering if luxury retail will come in as predicted.
If COH doesn't somehow meet expectations like it ALWAYS does, it will get spanked "HARD" so say the analysts who follow COH. (Even though it's already sporting a very red derriere these past few days.)
I too am on the sidelines right now watching my old moneymaker (COH) to see what she does. If it does dip any more on announcements, gonna put half my cash in discounted COH, but the other half in AUY which is very live money and a hedge play against COH if it continues to wallow.