Markets opened lower today as the latest economic data from China and Europe were weaker than expected.  However, within the first 30 minutes of trading, buyers came in and drove stocks right back up.  

Retail stocks were among the leaders.  RL has been sailing up for the past 3 weeks!  LULU had a little breakout this morning and we locked in our profits in the Happy Trades Portfolio.  BBY jumped +7% after delivering a strong quarter and forecast.  SHLD added +3.55% on good earnings.  BBBY added +1.91%.  After the market, ROST popped +5.52% after topping its earnings estimates.

GPRO continued to drop, falling more than 9% today.  This came after the company made a secondary public offering at $75/share.  GMCR fell more than $11 after its CFO departure announcement. 

After the market, GME fell almost 11% as it missed its earnings estimates and cut is outlook.  I think GME could be heading to $36!  SPLK shares vaulted almost +6% after giving a strong forecast!  SPLK has a lot more room to rise!

This market is just amazing.  But, things are very volatile.  It is more of a stock-picking environment.  A week ago, we talked about the ETF for Retails, XRT.  Today, XRT made another new all-time high!

Let's look at KORS and KSS tomorrow, as they have lagged their peers.  AMZN could be interesting as well, although, short-term trades could be too volatile.

Good night and HappyTrading! ™