Heavy Down Volume

Looking at the big-cap discount stores, only Walmart has made a recent new high.

Costco, COST, with half the market-cap of WMT, posted all-time highs back in February, this year.

Next up, Target TGT, a real dog, with all-time highs way back in November of 2021.

Walmart WMT, Daily

All-time high as Bank of America raises price targets because of, what else, Artificial Intelligence, link here.

Yesterday, Friday, posted a new daily low and was Fibonacci Day 3, from the reversal.

Will we get an upside test, even if only briefly?

If we do, and depending on price action, it’s likely to help narrow the risk on a potential short position (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