Earnings came out, lots of positive news on the e-comm side of things but WMT didn't take off on the upside.
From what I see, this is not a good sign plus the stock price needs to take some healthy profit taking.
Taking on a short position using Dec 18 Puts
SU had a nice run since Aug 1 til mid-Sept.
Looks like in the next 120-130 days, SU will be ending its bull cycle.
Once this is over, it time to go short or long some puts!
Close to 6mth low.
RSI showing oversold scenario.
Earnings just released, revenue positive, just that Act EPS didn’t beat estimates.
MA cross didn’t cross yet but I have a feeling that it should in a couple of days.
Dividend yield 4-5% very promising to keep paying out dividends.
