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AMERICAN DISCOUNT VARIETY STORES SHOWING CRACKS

I came about writing this post while I saw $COST getting a beating on wednesday after reporting earnings, on thursday and then again on fri. I really wanted to see what is happening under the hood and when I pulled up the charts for rest of Discount variety stores like Dollar General $DG, Dollar Tree ($DLTR), BigLots ($BIG), Target ($TGT), Walmart ($WMT), things don’t look right. A lot of the mentioned names have been seeing some distribution in past week or two and $DLTR have just been destroyed. One question which comes to my mind is even if these discount variety stores are getting hit in this so called slow down in economy, if people are not even going to these discount stores anymore, do they still have cash left to buy at all. This is a cause of worry in the next few months.