The Next 6 Months for Walmart
Despite the wreckage we’ve seen in certain parts of retail, WMT has held up well and may continue to do so. I’m considering these chart patterns for the potential of a push higher over the next several months.
Despite the wreckage we’ve seen in certain parts of retail, WMT has held up well and may continue to do so. I’m considering these chart patterns for the potential of a push higher over the next several months.
As society continues to adapt to social distancing guidelines and the reality that will be post-COVID 19, there’s a few companies that are going to emerge as winners. We start tonight’s analysis with some live trading in one of the names I think will continue to benefit from these changes, NFLX.
Long term versus short term, right now is still short term setups. So the ability to be nimble and “root for the bulls” is especially key at certain levels within the trading range. I explain those levels, as well as when to shift back to bearish in the NQ, ES, and more.
Rounding out the week, we can see where the market clarity is and it’s on the daily time frame. Intraday we have dealt with many unscheduled volatility events as well as a lack of yen clarity, so here is what do with “yen in the middle” situations intraday.
Plus, this is what the recovery is going to look like.
After the news that the Russians and Saudis may cut crude oil production by 10-15mpb, the market sent crude higher? Is this the bottom for crude? Likely no. Here’s what is next in my game plan.
The news and headlines and rumors moving the intraday price action has been trying to say the least, but daily setups and trades are not losing their structure or effectiveness. Let’s take a look at our current book of trades and setups.