Market trend: reference direction

The index fell at the start of trading these two days because the dollar fell and rose as soon as it opened, and vice versa.

Now the strongest certainty is the earnings report, especially retail earnings. Today's investment clue is put options. $Foot Locker (FL.US)$

$FL 20221216 30.0 PUT$

FL, a clothing and sneaker retailer, is a niche retail market for sports. The company's shares rose 20% after last quarter's results, both because the company met expectations and because Dillon, the beauty CEO of Ulta, was appointed CEO of FL, and wall street was bullish on her excellent performance in previous years. (share price of) $Ultra Brands Ltd (ULTA.CA)$It does look a little convincing)

However, faced with a sharp increase in retail inventories this quarter, not only Nike Inc, but even Adidas pointed out in yesterday's third-quarter report that consumer growth slowed and share prices plummeted. The situation of the sports market is not optimistic, and the retail chain stores, as the direction of sports segmentation, are also facing the same unfavorable situation.

From a fundamental point of view, FL short profit probability is higher, but the risk comes from the trend of the dollar. Tesla, Inc. 's financial report yesterday gave the answer to the sharp fall in the US dollar and the low share price. Be careful of the macro level to promote a comprehensive rebound in the market.
$Foot Locker (FL.US)$