The Daily Breakout
Thursday, December 22, 2022
Here are today’s top breakdowns:
$XLY: The Consumer Discretionary sector has been getting hammered and recently broke below its pre-Covid highs. Amazon and Tesla have been the biggest laggards within the sector as they both bounce around near 52-week lows.
$MP: Materials name, MP Materials, broke down to new 52-week lows on higher than usual volume.
$KSS: Kohl’s was another name that broke down to 52-week lows today. KSS has now given back all its gains from the last two years.
$KMX: CarMax was hit hard today as they missed Q3 earnings and announced that they will pause their share buyback program.
