I do not agree with this strategy, however from the viewpoint of making money in the stock market it does suggest the holiday season will be a good one and why not look at the retail stocks.
Today some of the l0wer-end retailers are holding up well and showing relative strength versus the overall market. Here are a few:
- Big Lots ($BIG) is up 1.5% and holding support at $36 after the recent breakout.
- Ross Stores ($ROST) is up 1.3% and has been mentioned several times in my blog as a favorite retailer of mine.
- Family Dollar Stores ($FDO) is up 1.7% and has been a leader in the bargain shopping sector.
- Bed Bath & Beyond ($BBBY) is up 1.1% and was my stock pick of the week on Fox News Channel's "Bulls & Bears" this past weekend.
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