Walmart - Congratulations. We Now Have "Confirmation."
Actualizado
Walmart is another stock that, for some reason, people want to be bullish on. It's probably because Marxist social marketing platform Reddit's public relations firm nestegg r/WallStreetBets said so, or some GPT instance on StockTwits said so.
Yet it's another old company with an old business model that is anything but good. I haven't been to a Walmart in the United States in years, but the ones in Canada aren't even cheap.
They attract people from low social classes and people who moved here from other countries, but are seriously often one of the most expensive options out there and even shopping online are an automatic skip.
Yet people want to get long.
This stock is similar to Target
Target - Why Is Everyone Desperate To Long Disasters?
And Disney
Disney - Is Your Compass Upside Down?
And Paypal
Paypal - Going Long In a Bear Market?
In that none of them are one bit bullish, and yet people are rallied by a certain force into believing that it's time to BUY THEM CALLS because it's GOING TO SQUEEZE or something.
And yet when stuff like Apple or Meta trends upwards for 5-8 straight months you're told to short every pop while it runs away on you.
China's economic problems are seriously escalating and at a frightening speed. The effort is underway to destabilize the Chinese Communist Party, so long as Xi Jinping is its leader and the President of China, at least.
The ultimate endgame is to produce a situation where the CCP and/or Xi falls, but what the International Rules Based Order and its banking cartel want is not to have China's 5,000 years of dynasties and traditions return, but to replace the existing regime with something of a submissive soyregime that's nested out of Taiwan.
And because of this, retail stores are particularly at risk because everyone just loves and loves to put their hands and get their hands in Shanghai where the Jiang Zemin faction is.
When the day comes, the CCP will be gone and the Jiang faction and the CCP's 24-year persecution against Falun Dafa's 100 million spiritual cultivators and all that organ harvesting will become an international story, the only one that matters.
And these companies who have been supplying blood to "China" all these years will really wind up going Blockbuster and delisting.
Walmart's monthly shows us that we have a raid on the '22 all time high. The purpose of these kinds of events is to take out the funds and whales who use stop loss rules.
And if it's really true that Walmart isn't aiming for $180, then it means the next set of rules-based funds and whales to hunt is on the low side, which is a painful $50 away.
On the weekly, this ramp towards the top has been an amusing 52 degrees.
Trendlines are created to be broken because you're told that technical analysis and not price action is somehow important.
The reverse bullish upside down inverse bat pattern harmonic RSI MACD divergence clouds are definitely the way to understand the market, not the places where people are told to put their stops to "mAnAGe ThEiR RiSk."
And so the moons have come together on today's earnings to tell us that it's probably time to sell the rip.
Walmart has produced:
1. A failure swing
2. The rejection came on Q2 earnings as a catalyst/news driver
3. Months and months of insider sales
4. At a time when indexes are toppy
5. Jackson Hole, the biggest Federal Reserve policy meeting of the year, is a week away
6. JP Morgan is long some 15,800 puts with a strike of SPX 4,225 expiring September 29 that have never been in the money since the quarter changed
And so the trade setup is simple.
Don't try to buy the dip. The dip can't be bought.
Instead sell a rip back to the $158 pivot
Buy long duration puts
Sit on your hands and go outside
Take a girl on a date
Listen to music and have wine with her
Tell her that her hair is pretty
Come back a few weeks later and roll them out
Rinse, repeat until $99
Good luck, my friends. It's time to stop listening to the Internet and social media machine. People with low follower counts and low traffic can tell you the truth, but the big dogs are promoted because the purpose is to use you as exit liquidity lol.
Yet it's another old company with an old business model that is anything but good. I haven't been to a Walmart in the United States in years, but the ones in Canada aren't even cheap.
They attract people from low social classes and people who moved here from other countries, but are seriously often one of the most expensive options out there and even shopping online are an automatic skip.
Yet people want to get long.
This stock is similar to Target
Target - Why Is Everyone Desperate To Long Disasters?
And Disney
Disney - Is Your Compass Upside Down?
And Paypal
Paypal - Going Long In a Bear Market?
In that none of them are one bit bullish, and yet people are rallied by a certain force into believing that it's time to BUY THEM CALLS because it's GOING TO SQUEEZE or something.
And yet when stuff like Apple or Meta trends upwards for 5-8 straight months you're told to short every pop while it runs away on you.
China's economic problems are seriously escalating and at a frightening speed. The effort is underway to destabilize the Chinese Communist Party, so long as Xi Jinping is its leader and the President of China, at least.
The ultimate endgame is to produce a situation where the CCP and/or Xi falls, but what the International Rules Based Order and its banking cartel want is not to have China's 5,000 years of dynasties and traditions return, but to replace the existing regime with something of a submissive soyregime that's nested out of Taiwan.
And because of this, retail stores are particularly at risk because everyone just loves and loves to put their hands and get their hands in Shanghai where the Jiang Zemin faction is.
When the day comes, the CCP will be gone and the Jiang faction and the CCP's 24-year persecution against Falun Dafa's 100 million spiritual cultivators and all that organ harvesting will become an international story, the only one that matters.
And these companies who have been supplying blood to "China" all these years will really wind up going Blockbuster and delisting.
Walmart's monthly shows us that we have a raid on the '22 all time high. The purpose of these kinds of events is to take out the funds and whales who use stop loss rules.
And if it's really true that Walmart isn't aiming for $180, then it means the next set of rules-based funds and whales to hunt is on the low side, which is a painful $50 away.
On the weekly, this ramp towards the top has been an amusing 52 degrees.
Trendlines are created to be broken because you're told that technical analysis and not price action is somehow important.
The reverse bullish upside down inverse bat pattern harmonic RSI MACD divergence clouds are definitely the way to understand the market, not the places where people are told to put their stops to "mAnAGe ThEiR RiSk."
And so the moons have come together on today's earnings to tell us that it's probably time to sell the rip.
Walmart has produced:
1. A failure swing
2. The rejection came on Q2 earnings as a catalyst/news driver
3. Months and months of insider sales
4. At a time when indexes are toppy
5. Jackson Hole, the biggest Federal Reserve policy meeting of the year, is a week away
6. JP Morgan is long some 15,800 puts with a strike of SPX 4,225 expiring September 29 that have never been in the money since the quarter changed
And so the trade setup is simple.
Don't try to buy the dip. The dip can't be bought.
Instead sell a rip back to the $158 pivot
Buy long duration puts
Sit on your hands and go outside
Take a girl on a date
Listen to music and have wine with her
Tell her that her hair is pretty
Come back a few weeks later and roll them out
Rinse, repeat until $99
Good luck, my friends. It's time to stop listening to the Internet and social media machine. People with low follower counts and low traffic can tell you the truth, but the big dogs are promoted because the purpose is to use you as exit liquidity lol.
Nota
It's nice of Walmart to give a quick retrace to $159~.If shorting, whether to wait for/fear $160 depends on if you believe the indexes are going to bounce with Jackson Hole on deck next week.
Every bounce right now is very fake. Price action may be indicating that top longers have been trapped.
Nota
Walmart is showing us this ain't no bull flag, Govenor'.
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