Target Corp (TGT)

[bsdvs23]

$TGT extreme volume and oversold levels. Bulls stepped in to form a temporary bottom. NASDAQ appears to be the strongest out of the indices. Several tech stocks reversed into positive sentiment and held. Granted the markets are still in correction - tomorrow feels like a bounce going into next week. Speaking of next week the G20 is happening; whole world and markets will be watching closely on a potential deal or compromise between the U.S. and China trade/tariffs topic. A deal could be the trigger even to form the market bounce; however, the potential bounce may not actually happen until the Fed speaks on the interest hike in December. Expecting another res test of October Lows and even possible retest of February Lows (broader market).

Overall, retail numbers weren’t that bad - in the bear market good news is bad and bad news is twice the damage. Keep note of those companies who provided solid revenue figures, internet growth/traffic, etc.