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Chartology: Short Retail As Oil Climbs?

With the price of oil was back on the rise Monday is your knee-jerk reaction to short retailers?

If so, you’ll want to hear this.

According to chart analysis, oil’s gain doesn’t always translate into retails pain. Get all the details from trader Steve Cortes.

Watch the video now!

The conversation with Cortes begins about 4 minutes into the clip.



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Trader disclosure: On May 9, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finreman and Finerman's firm own (CVS); Finerman's firm owns (IBM); Finerman's firm owns (JPM) and is long (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman owns (UNG); Finerman owns (USO); Finerman's firm is short (IWM), (SPY), (MDY); Finerman's firm owns s&p puts; Finerman's firm owns Russel 200 puts; Terranova owns (XOM); Terranova owns (BAX); Terranova owns (SLV); Terranova owns (TCK); Terranova owns (APA); Terranova owns (HOC); Terranova owns (OXY); Terranova owns (UPL); Terranova owns (FCX); Terranova owns (BX); Terranova owns (V); Terranova owns (VRTS); Terranova owns (JPM); Terranova is short (NFLX); Terranova is short S&P Futures; Cortes owns (EXC); Cortes owns (SO); Cortes owns (TGT); Cortes owns (K); Cortes owns (KFT); Cortes is short Nasdaq futures; Cortes is short EEM vs S&P long; Cortes is short EUR vs USD and CHF; Seymour owns (AA); Seymour owns (AAPL); Seymour owns (F); Seymour owns (POT); Seymour owns (SLW)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
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For Ed Najarian
ISI does and seeks to do business with BAC, C, WFC
ISI research analysts received non-investment banking compensation from a major bank in the past 12-months

For Mike Khouw
**No Disclosures







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