Sears, daily
From a cycle perspective its way over due for a bounce..and considering that it has now reached the giant gap from January..it looks reasonable to consider a Long position. Of course, any move under 55 would open the door for a further fall all the way down into the 50 to 42 range - negating a massive chunk of the January mega-ramp.
In the long run - as many analysts have noted, Sears might be inevitably doomed.
*Retail Sales data are released pre-open Monday, maybe that can help put a floor in for Sears, and the main market.
