Cyber Monday comes and retail gets crushed, one stock in particular will get unmercifully hammered today, that is Genesco, symbol is GCO. GLTA
not to mention we have eight straight up weeks with employment figures at the end of this week, expect Dow to head below 16,000 this week. No telling how long it will stay below 16,000 but thats where we are headed this week.
Bullish implications if that 135.45 is breached today, move to $150 sometime next week.
If this happens today we will see $150 next week.
should see move over $130, "outside week" still on the table with move over 135.50, GLTA
% not that high but it is still possible.
just like clock work, you know it was going to happen, if your short you were hoping for a pullback, that is not today's scenario.
this volume spike into the close will assure the longs of a nice gap-up Friday.
these last 30 minutes will cause the short crowd indigestion going into Thanksgiving, not to mention the gap=up come Friday morning. HAPPY THANKSGIVING TO ONE AND ALL ! ! !
The short party has ended for now, the clouds have parted and blue skies are all we see for the remainder of this week. And $127 may turn out to be to conservative as a rush of short covering will happen into today's close.
than a strong upside gap Friday November 29th.
seems remote but stranger things have occured in the past.
As you all know the day after Thanksgiving is a great up day throughout history, and with this stock having a strong upside move today, that will insure a nice gap up Friday of at least 2 points as we head for the $130 area. GLTA
when we break that number the next target is last weeks high above 135.
most likely by weeks end, this week historically and up week.
just the way the game is played on "the street of dreams".
5 weeks down in a row, anything is possible, especially this week.