The Oxen Report: Slow Wednesday to Be Led By Macy’s Earnings, Dollar, and Overseas News

Hey everyone. Sorry for missing yesterday. I came down with a fit of exhaustion and was not able to make the post. Anyways, I hope all my alert members got the long term plays we started on Monday. I recommended a play on Kohl’s Corp. (KSS) and JCPenney Co. (JCP) for Tuesday as longer week plays. We got into KSS at 56.75 and JCP at 30.75. KSS has moved down about 0.5% while JCP is up about 1%. If you want to read my analysis, check out the alert. We are going to hold KSS through tomorrow and JCP through Thursday. We are hoping for some good Macy’s earnings to help us get out of these for gains before the earnings announcements, however, I am definitely okay with holding them through earnings if we don’t get much out of them before their announcements. I will be giving some feedback throughout the day on these.

Otherwise, let’s get into today’s plays and make up for the past two lackluster performances (yippee!).

Buy Pick of the Day:

Short Sale of the Day:

Good Luck and Good Investing,

David Ristau