This is how it's done.
Let's see if an 'outside day' could set the stage for higher prices for WMT.
The shares are breaking below the 50-day and the 200-day moving average lines.
This very broad selling is a good example of how macro issues drive the market.
The company remains a free cash flow beast, but the balance sheet is a weak spot.
The charts of the big home improvement retailer already were lackluster ahead of its latest results.
The bullish narrative started to show cracks last week and market participants will need to watch to see which direction the price action goes.
Let the price action drive your next move.
Here's what I think we'll see up ahead.
The company turned in some impressive performance, conditions granted.