Here's a look at WMT, it looks exceptionally weak. It also has a bearish breakaway gap pretty far away, I don't think it is likely that it gets filled.
Here's the trend which was broken viscously.
On an intraday basis...
This morning WMT is not bouncing with the market, we do have 1 higher low on high volume so it may try to bounce a bit in which case it may be a stock of interest if you can short this on some strength, relatively compared to the market, it is VERY weak.
The hourly chart and the break...
The trend of the 1 min chart has been bearish.
This close up of this a.m. shows it to be in line, not positive, but in line which may lead to a little strength, but I highly doubt WMT will be able to fill that break away gap, making this a very bearish chart.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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