Here’s today’s swing-trading watch-list:
Long Wal-Mart Stores (WMT)
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Well, naturally it’s a little disappointing to have sold off my energy longs yesterday and see crude pushing even higher today, but what can ya do. My portfolio is still in Bear Lite mode (50% cash, 50% distributed amongst carefully-chosen equity shorts). Regarding crude, the horizontal I’ve drawn below represents reasonable resistance at the moment. And as crude goes, so go the markets.