Is the trade in retail over? I think it is. I didn't see much that impresses from this month besides Wal-Mart (WMT), as the others, including my faves -- TJX (TJX), Costco (COST) and BJ's (BJ) -- have now made huge moves in anticipation of exactly what we got.

Is the trade in retail over? I think it is. I didn't see much that impresses from this month besides Wal-Mart (WMT), as the others, including my faves -- TJX (TJX), Costco (COST) and BJ's (BJ) -- have now made huge moves in anticipation of exactly what we got.

Is the trade in retail over? I think it is. I didn't see much that impresses from this month besides Wal-Mart (WMT), as the others, including my faves -- TJX (TJX), Costco (COST) and BJ's (BJ) -- have now made huge moves in anticipation of exactly what we got.

Is the trade in retail over? I think it is. I didn't see much that impresses from this month besides Wal-Mart (WMT), as the others, including my faves -- TJX (TJX), Costco (COST) and BJ's (BJ) -- have now made huge moves in anticipation of exactly what we got.

You can really tell how things are exhausted to the upside by looking at Aeropostale (ARO), which has already reversed off of great numbers, and Kohl's (KSS), which is headed down after a decent performance.

You can really tell how things are exhausted to the upside by looking at Aeropostale (ARO), which has already reversed off of great numbers, and Kohl's (KSS), which is headed down after a decent performance.

Now, though, we just have higher oil prices, no more big benefits from the calendar, and a sense that the lack of home equity is really about to hit home. So what would I do? I would sell select ones: Home Depot (HD), Kohl's, Macy's (M), VF Corp. (VFC) (for now) and Phillips-Van Heusen. I would let them come in and wait for the bears to push them down further before I would look at them again.

Now, though, we just have higher oil prices, no more big benefits from the calendar, and a sense that the lack of home equity is really about to hit home. So what would I do? I would sell select ones: Home Depot (HD), Kohl's, Macy's (M), VF Corp. (VFC) (for now) and Phillips-Van Heusen. I would let them come in and wait for the bears to push them down further before I would look at them again.