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Amazon.com (AMZN) reported 2016 was its best year ever in online sales. After opening 2016 with a huge slump, the stock ended Tuesday in bull market territory 62.7% above its Feb. 9 low of $474.

Amazon's gain is the mall stores' pain.

Anchor stores Dillard's (DDS) , J.C. Penney (JCP) , Nordstrom (JWN) and Macy's (M) continued to lose market share to Amazon; through Dec. 19, mall foot traffic was down about 10% year over year. Last-minute shopping brings with it increased foot traffic back to the malls as deliveries slow from online shoppers. Traffic is equally heavy in the days following Christmas on returns and exchanges.

All four mall anchors are in bear market territory versus highs set between March 2015 and March 2016. However, since setting tradable lows between January 2016 and June 2016, three of the four are in bull market territory, with percentage gains between 22% and 42.2%.

Looking at the daily charts, Amazon has been above a "golden cross" since April 22 when the stock closed at $620.50. A "golden cross" occurs when the 50-day simple moving average rises above its 200-day simple moving average, indicating that higher prices lie ahead. The stock ended Tuesday just below its 50-day simple moving average of $774.61.

The four mall anchors have been attempting to confirm or stay above recent "golden cross" formations, but each are below their 200-day simple moving averages, as a sign that their holiday sales will likely disappoint.

Here's the scorecard for the mall anchors and Amazon.com.

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The weekly charts show a red line through the weekly price bars, which is the key weekly moving average (a five-week modified moving average). The green line is the 200-week simple moving average considered to be the "reversion to the mean."

The study in red along the bottom of the chart is weekly momentum (a 12x3x3 weekly slow stochastic), which scales between 00.00 and 100.00, where readings above 80.00 indicates overbought and readings below 20.00 indicates oversold.

A negative weekly chart shows the stock below its key weekly moving average with weekly momentum declining below 80.00 in a trend towards 20.00. A positive weekly chart shows the stock above its key weekly moving average with weekly momentum rising above 20.00 in a trend towards 80.00.

Here's the weekly chart for Amazon.

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Courtesy of MetaStock Xenith

Amazon trades around $771, up 14.1% year to date. The stock is in bull market territory up 62.7% above its Feb. 9 low of $474.

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The weekly chart for Amazon is positive with the stock above its key weekly moving average of $766.80. The stock is well above its 200-week simple moving average of $461. The weekly momentum reading is projected to uptick to 37.44 this week up from 36.66 on Dec. 23.

Investors looking to buy Amazon should consider doing so on weakness to $739.80, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should consider selling strength to $821.75, which is a projected pivot for all of 2017. This level will be finalized next week.

Here's the weekly chart for Dillard's.

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Courtesy of MetaStock Xenith

Dillard's trades at $63, down 4.1% year to date, and in bear market territory 56.3% below its all-time intraday high of $144.21 set on April 13, 2015. The stock is 15.9% above its May 19 low of $54.37.

The weekly chart for Dillard's is negative with the stock below its key weekly moving average of $65.57, and well below its 200-week simple moving average of $90.99, last tested as the "reversion to the mean" during the week of Oct. 23, 2015 when the average of $92.11. The weekly momentum reading is projected to decline to 51.96 this week down from 62.34 on Dec. 23.

Investors looking to buy Dillard's should consider doing so on weakness to $45.18, which is a key level on technical charts until the end of December. Investors looking to reduce holdings should consider selling strength to $66.91, which is a key level on technical charts until the end of 2016.

Here's the weekly chart for J.C. Penney.

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Courtesy of MetaStock Xenith

J.C. Penney trades close to $8.50, up 28.1% year to date, and in bear market territory 28.9% below its March 8 high of $11.99. The stock is in bull market territory 42.2% above its Jan. 20 low of $6.

The weekly chart is negative with the stock below its key weekly moving average of $9.03 and below its 200-week simple moving average of $9.58, last tested as the "reversion to the mean" during the week of Dec. 16 when the average of $9.70. The weekly momentum reading is projected to decline to 42.27 this week down from 52.48 on Dec. 23.

Investors looking to buy J.C. Penney should consider buying weakness to $7.22, which is a key technical level until the end of 2016. Investors looking to reduce holdings should do so on strength to $9.76, which is a key level on technical charts until the end of this week.

Here's the weekly chart for Nordstrom.

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Courtesy of MetaStock Xenith

Nordstromtrades close to $49, down 1.7% year to date, and in bear market territory 36.9% below its March 23, 2015, of $77.65. The stock is in bull market territory 39.8% above its June 27 low of $35.01 low.

The weekly chart for Nordstrom is negative with the stock below its key weekly moving average of $52.93. The stock is also below its 200-week simple moving average of $59.02, last tested as the "reversion to the mean" during the week of Dec. 16 when the average of $59.03. The weekly momentum reading is projected to decline to 36.42 this week down from 52.25 on Dec. 23.

Investors looking to buy Nordstrom should consider buying weakness to $40.03, which is a key level on technical charts until the end of December. Investors looking to reduce holdings should consider selling strength to $54.93, which is a key level on technical charts until the end of 2016.

Here's the weekly chart for Macy's.

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Courtesy of MetaStock Xenith

Macy'strades at $36.50, up 4.4% year to date, and in bear market territory 50.4% below its all-time July 17, 2015, high of $73.61. The stock is in bull market territory 22% above its May 18 low of $29.94.

The weekly chart for Macy's is negative with the stock below its key weekly moving average of $38.77. The stock is well below its 200-week simple moving average of $50.86, last tested as the "reversion to the mean" during the week of Nov. 6, 2015 when the average of $52.29. The weekly momentum reading is projected to decline to 45.47 this week down from 58.65 on Dec. 23.

Investors looking to buy Macy's should consider doing so on weakness to $30.66, which is a key level on technical charts until the end of December. Investors looking to reduce holdings should consider doing so on strength to $38.76 and $43.62, which remain key levels on technical charts until the end of 2016, and were crossed in November.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.