On Tuesday morning, WalMart reportedly a 15% drop in profits year-over-year and warned they would be dropping estimates for forthcoming periods. I’ve placed countless thousands of trades in my life, but I don’t think I’ve ever traded a single share of WalMart. In spite of this, I decided to dust off the WMT chart and take a look at what was going on.
Slope of Hope Blog Posts
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Here’s today’s swing-trading watch-list:
Long Humana (HUM)
Well, I certainly like today better than yesterday. A sell-off that sticks, even a modest one, is a hell of a lot better than a sell-off that gets violently aborted.
I am, however, long a couple of items now, and they are both related to precious metals. The first is good old gold, on which I have a stop at 106.30: