Tweeter whoooo ah twitter ah Some brilliant moves today in Bitcoin. Fun and games as to be expected.
Microstrategy new purchase and Walmart well accepting or maybe not? Either way it's played the charts both ways.
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Walmart
🔥 Litecoin Partnership with Walmart: Huge Crypto NewsA couple of minutes ago it became clear that LTC and Walmart are going to partner up. This news has caused a huge bullish candle from LTC, causing a +30% rally in mere minutes.
The rally caused a ripple through all of crypto. All the major tokens are seeing a strong move at the moment, which can potentially indicate the bottom of the bearish move.
Walmart CEO on the partnership:
"The momentum and excitement around the use of cryptocurrency are undeniable, and we are poised to make online shopping easy for our customers. As a leading eCommerce store, we are committed to bringing innovations to the online shopping experience. By integrating Litecoin, we will enable shoppers to experience a very smooth checkout experience with near instant transaction confirmation, and near-zero fees regardless of where in the world they are. We're very excited to be working together with the Litecoin Foundation, and further innovate our business. Starting October 1st, all eCommerce stores will have implemented a 'Pay with Litecoin Option,'" said Doug McMillon, Walmart CEO. www.globenewswire.com
Be careful for traders taking profits in the coming hours. We might retest the $210 support before moving up again.
Happy trading!
Fake Walmart Partnership News Pump To Take LTC Down To $75There was some fake news that came out a bit ago that lead to a pump in ltc but it's likely going to be faded and now it shall go down to 75 dollars so im reentering my short here.
The tweets were fake and the news outlets picked it up unknowingly and helped to spread the fake news. Now the market will continue going down as it was. I think this will negatively affect all of crypto and not just LTC (what a joke)
Walmart To Dropping Quarterly Bonuses, To Increase Wages...Good, baaa... nevermind or just ugly??? So employee wages getting ready to increase so why isn't that good news for Walmart? In my opinion this minor employee benefit comes off the "backs", I say that sarcastically, of these "hardworking" multimillion dollar babies. So there is the ugly coming right from it's won company. Where employee wages should come as a morale boost and a potential push we see the babies selling off.
LIKE, FOLLOW, SHARE.
THIS IS NOT FINANCIAL ADVICE.
WMT - REMAINS A BUYLooking for WMT to continue to push higher into this wave 5.
Resistance: 148.60 and 157.20
PT for this leg up for me is 176-177.
Volume remains bullish as Friday selling failed to close below Thursday low and was less than the relative volume from the buyers on Thursday. Also, we got a nice wick up candle from Friday low that signals the bears are still relatively weak in comparison to the bulls.
deep esotericism $WMTif we are to look at a sizeable nine-figure gub contract for turning certain locations into FEMA camps for the unvaccinated, then we should expect the market to price in both the extra liquidity provided to the small-scale american business owned by the Walton family and the kiss of the state from said gub contract all together most rapidly, and with a 2.88 IV percentile at entry, who can think of a better setup to pay attention to for this fiscal quarter into the holidays!
$WMTWalmart’s earnings was spectacular. It reported an adjusted second-quarter profit of $1.78 a share, easily beating forecasts for $1.56, on sales of $141.05 billion, topping estimates for $136.88 billion. It offered full-year guidance of $6.20 to $6.35 a share, above the consensus for $6.02. Walmart said it’s taking share in groceries and that same-store sales rose every month during the quarter and yet it finished Tuesday, the day of the release, down slightly, and then fell 1.1% on Wednesday.
It closed the week at $151.45, roughly unchanged from where it had been before the release—and still below its November all-time high of $152.79.
When you look at the technical side of things, it looks like Walmart will eventually have its time soon.
Walmart’s in a nice clear uptrend on the weekly chart forming an ascending triangle with a double top.
Give this time with a to rest before it retests previous high but it’s very clear where this stock is heading.
I’m bullish.
- Factor Four
Walmart Ponzied - Shipping Costs Skyrocket - Made in ChinaLarge cap ponzied stonks. Small caps with revenue growth and profit TODAY, matter most in a rising rate environment.
Shipping Container costs make the giants a disaster to own with rising rates and falling revenues and profit margins. Margin compresson incoming. Ponzi Pogs Poof.
*valuation matters
#cannabisreform legistlation
$GNLN
#thegem
Sector early indicator? Retail sector - not much (but watch WMT)The general Retail Sector (as opposed to retailing of hardware home improvements by Home Depot and Lowes - studied in an earlier chart) - here represented by the VanEck Vectors Retail ETF (RTH, in green), and the mighty Walmart (WMT, in blue) - only occasionally (more often by WMT) acts as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks... WMT peaking on 29 Dec 1999, WMT falling from a peak in Jun 2007, WMT fading from a peak in Jan 2011, WMT in Jan 2015, WMT in Dec 2019.
WMT GAP FILL OR BUST?Walmart approached long term resistance today and instantly dropped which obviously isn't a great sign...BUT I think its been holding this support zone pretty well for the past couple of weeks which IMO is fairly bullish.
I think WMT could attempt to fill the gap at 143 but on the event that it doesn't hold this zone, I will be shorting this stock back down to ~120.
Look for a close under 137.85 before loading up on puts and short positions, I would also consider long dated monthly contracts.
If it can break the resistance... we will see ATHs again!
Happy trading!
WMT nice V shape Recovery! WMT 1HR CHART...
WMT looking nice for a recovery play to retest ATH and a nice gap fill to the upside. In a steady up trend channel looking to retest that downtrend resistance line and a possible breakout to fill the gap, also currently in a bull pennant, look out for a gap up and retest for an entry if it does.
WMT WMT exp: 01 Apr 21 @ $136.00 Call
Target 137.00 - 140.00
Stop loss: 50% of the premium
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