If Walmart is a Market Barometer, Then… ($WMT $SPX $SPY $JCP)

August 13, 2012

The weekly Walmart chart shows higher prices which are not sustained by the heikin-ashi momentum (haDelta).

This negative divergence between price and haDelta points to a future deterioration of the price.

Time will tell…
Note – Check the previous post on JC Penney and compare it with the price action today.

 

If Walmart is a Market Barometer, Then... ($WMT $SPX $SPY $JCP) 8/13/2012

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