ROST is a bearish trade due to ongoing sell-side activity and relative weakness compared to peers like TJX.

You've got Ross Stores as your first pick here. They're slightly lower on the session, but year-to- date performing well. They're up 25%. uh they're coming off a strong performance in terms of their earnings, but I know from looking across your notes that you've brought us three little bears today.

There's no Goldilocks to be found. So, uh take us through how you're looking at Ross.

So, one of the reasons I selected raw stores is this just happens to be, you know, in the midst, if you will, of some sellside activity. The underlying just recently came off of a high of 257. It's now down to like the 227 kind of handle.

And I just think that this happens to be okay, the most opportunistic trade within the particular sector. And that is going to be a bearish position because as I said, I'm going to jump on trend right now with seeing some sellside activity.

But it's not getting hit nearly as hard as if you will the TJ Maxx or like a Dick Sporting Goods.

Nevertheless, I'm going out to the Nove 20th expiration here in Ross. Nove 20. I'm going to be buying the 220 puts and selling the 210 puts against it. So, it's a nice big $10 wide put spread done for a $3.20 debit.

And I've given myself all kinds of time. 70 days for there's some sellside activity to uh to persist here. Uh and that sellside activity, as I said, it's already begun. We're 257 to 227.

Um if this uh trend continues, you know, we'll be uh we'll be right where we need to be for uh for that November expiration.

I mean, Ross the clear outperformer in the light blue here against TJX, which is the green and and down near the bottom of our chart. But so, if we do look at Ross, here's those highs near 257 Don mentioned here.

But we can also see from there a downward sloping channel type shape has developed. We can see then uh we're between those two white lines here. Our our top line uh pointing downward.

Just duplicate it. Put it across the lows. You can try to project potential support based on that. Certainly not going to work every time. Just a general guideline here. We can see a relative low here near 218 and as well as a repeated low uh after the earnings gap that we saw to the upside back in April here near 207.

Meanwhile, to the upside, a relative low became a ceiling here near 232. Another relative high near about 247 stands out as well. If we were to look at our moving averages next, we can see that prices slip below three of them. our exponential moving averages that we follow here.

Our 5day and dark blue is the closest. Uh 22926 is where that one comes in. If we did push out to uh above our channel type shape, we have a confluence between our 21 and 63 day near about 234.

RSI is moving lower here. We are below the 50 midline. We are on the verge of breaking through our green trend line as well. So look for that to happen if you have more of a bearish outlook as well as a slip below that 30 level for further bearishness.

We can see our volume profile study shows that we have a node here between about 223 to 236. We are basically right on our our point of control, our heaviest trading area of all that comes in just below 228.

Another node down here 209 to 217. Another one to the upside 249 to 255. So we have the luxury of some very clearly defined areas of heavy trading to look for potential support or resistance if we do get a strong directional move in the coming days.

We've had more than 11% pullback in Ross stores after that runup that you just highlighted there, Don.