Regardless of what the market is doing overall, there will always be stocks that will rise when others are declining. Remember the SPY and QQQ are a mean of the market, so some stocks will decline, some will climb and the market can still be declining.
$SKX, $V, $BABA, $AMZN, $OXY, $CVS, $KO, $GPS, $MGM.....are all examples of stocks that are performing very well as the overall market is struggling.
What do these stocks have in common?.....they are all fundamentally strong with good chart technicals.
$SKX is likely going to test the $55.87 line again, we watching for a flip here to support, when this finally comes, the bull case and impulse wave is confirmed.