Tag: WMT

Dow Makes Six Year Low

Decent overnight moves higher in the futures fell flat on their arse today as the selling pressure ensued. With tomorrow being options expiration it wouldn’t be too surprising to see some squeezing on the puts early in the day. However, in this market environment anything is possible even the Dow closing at 6 year lows!

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Uneasy Market Conditions

Wal-Mart ($WMT) put a little fear in the futures pre-market this morning ahead of the weekly jobless claims. Same store sales for Wal-Mart rose 1.7% for December while analysts were expecting more at 2.8%. Add to that a drop in their earnings forecast by $0.12 and you get a 7.5% drop on the day. It

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Was this the test?

OK, we had the test and the grades are in; the support levels passed. The good news is that there is a lot of bad news, both earnings forecasts and economic data, priced into the current levels. Today’s move off of the lows shows some resilience in the bulls and the technicians. The question will

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