$TJX Long Idea NOV / DEC Seasonality
Seasonally TJX is usually quite strong , earnings are coming up soon and they have announced a split as well. NOV I'm expecting to see some good numbers out of retail names 
XRT and strong thanksgiving and Christmas sales as the consumer seems pretty strong. The risk to this setup is if TJX reports poor numbers then I can expect a retracement back to 101/102 if that breaks then $97 for further downside, but for upside I'm looking to target $119-121 by Christmas , if we get good earnings and follow through , but the markets need to cooperate. I'm playing this through DEC 115 calls at $2 , no stop loss for me only small position.
Remember this is not financial advice , just what I think.
XRT and strong thanksgiving and Christmas sales as the consumer seems pretty strong. The risk to this setup is if TJX reports poor numbers then I can expect a retracement back to 101/102 if that breaks then $97 for further downside, but for upside I'm looking to target $119-121 by Christmas , if we get good earnings and follow through , but the markets need to cooperate. I'm playing this through DEC 115 calls at $2 , no stop loss for me only small position. Remember this is not financial advice , just what I think.
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