Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Friday, November 03, 2006
Sears Holdings
Here is a daily chart of Sears Holdings. I last commented on SHLD here.
As you can see the market went about a point above my 181 target and since has dropped about 15 points. I think there is support in the 162-64 zone. From there I think SHLD will rally a little bit more to 185 or so. But I also think that the bull market party in SHLD is pretty much over and that this stock should now be regarded as a trading vehicle rather than as a long term investment.
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