Walmart Topped Expectations

FOCUS: Stocks/Options Wednesday 8/15/2019; Walmart may help the market today; Walmart reported earnings that topped expectations and raised its outlook for the full year, building on the momentum in its core U.S. business and investments into grocery. Its shares jumped more than 5% in premarket trading on the news. Walmart is gapping out of a bullish “W” pattern; we will now wait for a swing trade entry over the next few days with an easy direction option trade, Stay tuned and stay connected with us. Check out the Text alert link below.

Yesterday the SPY fell another 2.96% landing on our Dotted Deuce moving average; we still think there is a good chance the 200-SMA will see a test sooner or later, meaning we may see a relief rally of some sort. The first big hurdle I see on the SPY for the Bulls is about the $288.70 area; if the bulls can post a close over the $288.70 line, then they could face the possible challenge the 50-SMA. Anything below $286.50 keeps the 200-SMA on the list.

The VIX-X CBOE Market Volatility Index seems to be a bit nuts, up-down. Follow-through above $22.40 the VIX-X will want to challenge $23.65, below $21.25 a test of $20.00 is likely

😊 Have a great trading day - Rick

Check out our newest YouTube videos👈

$50.00 discount with code: Privilege

❓ Did you receive the 13 short trade ideas I sent out last night via SMS text alert? If not and you have a smartphone use the link 👇 below to register.

SMS text alerts and reminders?👈


Untill this market settles down we will only post trade ideas from the trading room. Trade smart and wait for the QEP (QEP) Quality Entry Patterns). . Chart discussion 9:10 AM Eastern.

🎯Dick Carp: the scanner paid for the year with HES-thank you

🎯Arnoldo Bolanos: LTA scanner really works $$, thanks Ed.

🎯Bob S: LTA is incredible…. I use it … would not trade without it

🎯Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Comments are closed.

click/touch to navigate
Skip to toolbar