Amazon.com (AMZN) - Get Report was considered by many Wall Street analysts as the "stock of the year" in 2015, with good reason -- shares were up 117.8%, setting an all-time high of $696.44 on Dec. 29.

Amazon's success came at the expense of the big mall anchor retailersDillard's (DDS) - Get Report , J.C. Penney (JCP) - Get Report , Nordstrom (JWN) - Get Report and Macys (M) - Get Report , all of which ended 2015 deep in bear market territory.

This dynamic turned on a dime as 2016 began, however, and now while all five stocks are in bear market territory, Amazon is down 22.9% year to date while the mall anchors have gains between 2.2% to 15.7%.

Upcoming earnings will be key to determining whether these gains can be sustained because the quarter just ended includes the all-important holiday shopping season. Nordstrom reports Thursday and analysts expect the retailer to earn $1.22 a share. On Feb. 22, Dillard's and J.C. Penney report; expectations are for earnings of $2.55 and 24 cents a share, respectively. Macy's follows on Feb. 23 and expectations are for earnings of $1.86 a share.

Amazon reported results Jan. 28 and missed estimates by 38%, which accelerated the stock's downward fall.

Here's the scorecard for Amazon and the four mall retailers.

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Here's the weekly chart for Amazon.


Courtesy of MetaStock Xenith

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Amazon closed at $521.10 on Tuesday, down 22.9% year to date and in bear market territory 25.2% below its all-time high of $696.44 set on Dec. 29. The stock is up 9.9% from its 2016 low of $474 set on Feb. 9.

The weekly chart is negative with the stock below its key weekly moving average of $564.20 which indicates risk to its 200-week simple moving average of $353.47. The weekly momentum reading is projected to decline to 23.18 this week down from 28.51 on Feb. 12.

Investors looking to buy Amazon should place a good till canceled limit order to purchase the stock if it drops to $482.0, which is a key level on technical charts until the end of March, which was tested at the Feb. 9 low. Investors looking to reduce holdings should place a GTC limit order to sell the stock if it rises to $621.72, which is a key level on technical charts until the end of June. The $540.85 level should be a magnet for the remainder of 2016.

Here's the weekly chart for Dillard's.


Courtesy of MetaStock Xenith

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Dillard's closed at $71.28 on Tuesday, up 8.5% year to date but in bear market territory 50.6% below its all-time high of $144.21 set on April 13. The stock is up 17.1% from its 2016 low of $60.88 set on Jan. 8.

The weekly chart is positive with the stock above its key weekly moving average of $69.43 which indicates upside potential to its 200-week simple moving average of $92.92. The weekly momentum reading is projected to rise to 32.39 this week up from 25.71 on Feb. 12.

Investors looking to buy Dillard's should place a good till canceled limit order to purchase the stock if it drops to $65.55, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should place a GTC limit order to sell the stock if it rises to $101.85, 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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J.C. Penney closed at $7.42 on Tuesday, up 11.4% year to date but in bear market territory 26.5% below its 52-week high of $10.09 set on Oct. 5. The stock is up 23.7% from its 2016 low of $6.00 set on Jan. 20.

The weekly chart is positive with the stock above its key weekly moving average of $7.26 which indicates upside potential to its 200-week simple moving average of $12.71. The weekly momentum reading is projected to rise to 40.60 this week up from 33.71 on Feb. 12.

Investors looking to buy J.C. Penney should place a good till canceled limit order to purchase the stock if it drops to $7.22, which is a key level on technical charts until the end of March. Investors looking to reduce holdings should place a GTC limit order to sell the stock if it rises to $7.73, which is a key level on technical charts until the end of February.

Here's the weekly chart for Nordstrom.


Courtesy of MetaStock Xenith

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Nordstrom closed at $50.90 on Tuesday, up 2.2% year to date but in bear market territory 34.4% below its all-time high of $77.65 set on March 23. The stock is up 14.4% from its 2016 low of $44.49 set on Jan. 15.

The weekly chart is positive with the stock above its key weekly moving average of $50.11 which indicates upside potential to its 200-week simple moving average of $59.26. The weekly momentum reading is projected to rise to 23.58 this week up from 17.81 on Feb. 12 rising above the oversold threshold of 20.00.

Investors looking to buy Nordstrom should place a good till canceled limit order to purchase the stock if it drops to $46.21, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should place a GTC limit order to sell the stock if it rises to $53.36 and $57.91, which are key levels on technical charts until the end of February and the end of 2016, respectively.

Here's the weekly chart for Macy's.


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Macy's closed at $40.47 on Tuesday, up 15.7% year to date but in bear market territory 45% below its all-time high of $73.61 set on July 17. The stock is up 18.9% from its 2015 low of $34.05 set on Dec. 22.

The weekly chart is positive with the stock above its key weekly moving average of $39.63 which indicates upside potential to its 200-week simple moving average of $50.95. The weekly momentum reading is projected to rise to 53.13 this week up from 41.99 on Feb. 12.

Investors looking to buy Macy's should place a good till canceled limit order to purchase the stock if it drops to $33.57 which is a key level on technical charts until the end of February. Investors looking to reduce holdings should place a GTC limit order to sell the stock if it rises to $43.62, which is a key level on technical charts until the end of 2016.

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