Yes,some areas of retail are showing strength such as discounters but high-end retail (where the big money is) has been weak as sh** and I'm calling a head and shoulders top on XRT here. I just love the risk/reward here. Cover above 43.30 so your risk is limited and your downside target is around $35-36. Gotta love that. Time in the market up to a month.
I may consider buying some long-dated calls once the target is met. Then sit back and hope the back-to-school and holiday buying kicks in.