Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.


* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Art Deco Xmas Lady

Art Deco Xmas Lady



* Wed. Dec. 13 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Jan. 3 @ 2:00 pm ET - FOMC Meeting Minutes
* Fri. Jan. 5 @ 8:30 am ET - Employment Data
* Wed. Jan. 17 @ 2:00 pm ET - Beige Book Report
* Wed. Jan. 31 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Friday, December 09, 2022

LULULEMON: Caution...Bearish Head & Shoulders Forming

Lululemon's (LULU) unsold inventory is piled up to the rafters!

With a likely recession looming in 2023, this does not bode well for their stock.

The following monthly chart of LULU is signalling further volatility and weakness ahead, with the potential formation of a bearish Head & Shoulders pattern, as well as the Balance of Power flipping to the Sellers.

A drop and hold below the neckline at 245.00 could prove to be catastrophic and see a plummet to its H&S target at 50.00.

The Retail ETF (XRT) is already weak, and the Sellers are in charge, once again, as shown on the following monthly chart.

Major support sits much lower than its current price, at 50.00. A drop and hold below could see price plunge to 40.00, or even lower to 20.00.