Hit-a-Wall Mart

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As rough as equities have been in the year 2022, WalMart was at its highest point in human history only a few weeks ago. Things have taken a turn for the worst, particularly today (since inflation is killing their sales), and it’s lost almost 20% of its value in short order.

Here is a longer-term view. WMT has broken its lifetime trendline, and although I think the price will try to fight its way back to that gap, I believe it will ultimately fail and fall much harder.