Retail names like Macy’s, Kohl’s, Target, and Walmart have been strong lately as money rotates out of tech and into value and defensive stocks. Solid consumer spending, improving charts, and short covering have helped push the group higher. Take a look at the chart.

I send setups like this real-time to a select group of traders. They are able to copy and paste and grab the trade.  Here is all of the info.

Target’s weekly chart is showing improving momentum alongside a strengthening price structure. After an extended decline, price has begun forming higher lows and is pushing toward the upper end of its recent range, suggesting accumulation. The PMO (Price Momentum Oscillator) at the bottom has turned sharply upward and crossed above its signal line, indicating bullish momentum is accelerating. When PMO shifts from negative to positive while price trends higher, it often signals the early phase of a sustained move—making call options attractive for traders looking to position for potential upside continuation.

I wish you the very best,

Wendy

Previous Trade:

Last week we discussed buying DIA puts due to the RSI hitting the top of the “Buffer Zone”. Puts would have been very profitable last week.