Walmart Inc (WMT)

[bsdvs23]

$WMT: Retail sector finished at the lows with several retailers missing earnings or providing mixed results with inventory and logistics. $WMT must hold the 94.07 to avoid potentially retesting 91.00 and closing towards filling the gap.

Side note: Target was a huge weight on the retail sector, despite revenues, customer traction and digital growth up! This unjustified selloff triggered others (like $WMT act bearish). Even with $WMT having solid earnings - bear market corrections are selling off good news and doubling down on bad news. Expecting the Santa Claus rally to go into affect next week, after G20 and/or Fed remarks on reducing the aggressiveness on interest rates.

From a broader market perspective; NASDAQ appears to be the strongest out of the indices. Several tech stocks reversed into positive sentiment and held. Granted the markets are still in correction - tomorrow feels like a bounce going into next week. Speaking of next week the G20 is happening; whole world and markets will be watching closely on a potential deal or compromise between the U.S. and China trade/tariffs topic. A deal could be the trigger even to form the market bounce; however, the potential bounce may not actually happen until the Fed speaks on the interest hike in December. Expecting another res test of October Lows and even possible retest of February Lows (broader market).

Keep note of those companies who provided solid revenue figures, internet growth/traffic, etc.