It’s actually an interesting time to look at Wal-Mart (WMT) on Wallstrip.
First of all, Julie talking about dust would be interesting .
Second…The US Market has now gone nowhere in 10 years…same for Wal-Mart.
BUT – Since the credit Crisis really ‘tipped’ in August of last year, Wal-Mart has rallied 20 percent and is not too far from all-time highs.
Please explain that one to me.
I could really give a rat’s ass about Wal-Mart and their crappy stores, but investors and traders seem to care and are piling in as the US economy teeters. I am really interested to see how this plays out for the Wal-Mart bulls and bears.
Here is Brian’s look at the technicals: