As we get closer to the holiday season, it is only natural that we start thinking about gift-shopping for our loved ones. When it comes to well known luxury goods in America, Coach Inc. (COH) has been consistently demonstrating strength in both fundamental and technical analysis.

Although the recent market conditions seems doom and gloom, without dropping below the current technical support level at the low 40's, COH should be able to have a significant retracement of its recent points lost in the market without much difficulty. Unless it falls to under 40 dollars per share*, I'm bullish on COH all through the holiday season!

It should be interesting to watch how its earnings are played out on Tuesday (COH earnings announcement will take place before market opens on October 23, 2007).

*Should turn from bullish to bearish mode when the price of COH falls below the support level at $40 per share.