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WMT is getting a little overbought on the weekly and daily. The daily chart has some negative divergences as well. While I still like the $130 cup/handle target for WMT, it seems likely to pull back and consolidate some of the gains since the breakout above $105, particularly as we enter a seasonally poor time for stocks.
Yea I saw the headlines a few days ago, but haven't read your article so thanks. Will take a look this weekend.
Although ST candle looks ugly today on silver it's ST at most. Stocks are giving a clear signal silver is going much higher. I would say 18 on this run, maybe higher. We should still get a shakeout maybe just back to 36 GDXJ, but we'll see. I'm impressed w/this strength going into the Fed given ST gains.
MDA - Market Direction Analysis | Stock Discussion ForumsShare