XLP (consumer staples ETF) had a very impulsive gap & breakdown today. Several key staples companies such a WMT, COST, WBA, CVS & to a lesser extent (weighting-wise but not percentage loss), KR mentioned in the trading room earlier all down big so far today. XLP daily June 16th At a weighting of [...]
This video covers the consumer staples sector via XLP as well as some of my favorite individual stock trade ideas within the sector. Please log in or sign up for your free 3-week trial to view.
WMT (Wal-Mart Stores, Inc) has hit T1, resulting in a total return (including the 0.49 dividend paid out on Monday) of 9.1% since the entry on Nov 4th. While Growth & Income investors might considering raising stops to hold out for additional gains, I have decided to book full profits & make this the official [...]
WMT (Wal-Mart Stores Inc.) will be added as an Active Growth & Income Trade at the open today. Since WMT peaked back in January of this year, the stock has plunged 37% to a well-defined long-term support level while at rarely seen oversold levels which have historically preceded major uptrends in the stock. [...]
I've spent most of the morning reviewing the charts on all of the active trade ideas. While all the active longs still look fine, the short trades is a mixed bag right now: Some with nice embedded gains, some close to entry/breakeven, some close to their suggested stop level and some that have already exceeded [...]
WMT has been an active short for what seems like forever but still looks good. Here's a string of the last few 4-hour charts with some additional notes (and slightly revised final target) on the last (updated) 4 hour chart. The final chart is an updated daily chart just showing the same pattern from a [...]
The WMT active short trade, which recently hit the first target, is once again offering an objective short entry or add-on as it has bounced to just below resistance. I would consider a stop just above that next horizontal resistance level shown on this updated 4-hour period chart. A stop above the 71.70 area would [...]