Follow, the Set-Up

Is it possible that Wal-Mart, one of the laggards of the market, for years if not decades, could all-of-a-sudden, become exciting?

Exciting that is, to the downside (not advice, not a recommendation).

As the tagline above says, ‘Follow, the Set-Up’.

Well, here it is.

Wal-Mart WMT, Daily Close

It’s important to note: Unlike the rest of the indices, the S&P, the Qs, the Dow, WMT, is well below its all-time highs.

Yesterday, was a potential trend break. Today, may be continuation, or test of that break.

Positioning

Short as trade WMT-25-04, with stop at yesterday’s high, WMT 99.17 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279