Up-Thrust and Trend Break

Wal-Mart’s not looking too good.

The premise for WMT, price action remains intact; we’re (still) in a test of the up-thrust, discussed here.

That ‘test’ may have been resolved with today’s action.

Positions

Currently short WMT, as WMT-25-04, with stop at the session high (not advice, not a recommendation).

Charts to follow.

Separately, SOXX short, despite all the (analysis) work, was stopped out with a slight profit: SOXX-25-01, closed (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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