The Gap (GPS)

The decline today in shares of The Gap (GPS) illustrates there is little room for disappointment in this market. I suspect as we head through 1Q earnings reports, we're going to see a fair share of these hits and misses. This morning I had to close my position in this retailer in my portfolio not only because of the earnings report, but because I don't like having exposure to the retail sector. In fact, if anything, I'm looking for short-sell candidates here. Looking through my trading notes this morning, it appears my previous bearish views on both Kohl's (KSS) and Christopher & Banks (CBK) were spot on as I previously predicted.