Market Traction Update August 16th – Update 1


Hello All,

There’s a significant pre-market rallying taking place this morning and it’s being aided by WMT.  It’s very rare that we tout a stock that’s due to release earnings but we made an exception for WMT because the chart had very compelling positive qualities and we know that many aren’t as earnings release averse as we are!  Certainly the stock’s response can go either way but fortunately it’s gone our preferred way and in a VERY BIG way.  If anyone decided to become involved congratulations to you!  The stock price is jamming on news that’s astonishingly good and has left us wondering how the expert analysts on the Street of Schemes missed it all.  Regardless, this may be a windfall that’s simply taken to the bank in haste as WMT may close a gap today that we envisioned it taking weeks to months to do not hours!

Also, if this rally has legs and isn’t just a relief rally, we’ll happily take that as our bear search yesterday wasn’t a fruitful one.  With many more bullish names this week that have compelling charts, we’re hoping for this rally to sustain and drag our other names along for the ride.

More to follow when warranted.

Thanks!

Sincerely,

Wayne


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