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WAL-MART STORES INCWAL-MART STORES INCWAL-MART STORES INC

WAL-MART STORES INC

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WMT trade ideas

Head and ShouldersHead and shoulder tops are not as accurate in a Bull market than in a bear market. H&S tops perform best in a bear market and inverse H&S bottoms perform better in a bull market. LS 146.6 Head 153.66 RS 149.93 It is hard to slow down the momentum of the trend in a bull market so this pattern has a higher failure rate. Feels like the trend is slowing down a bit as of late though. A strong trend is like a big steam boat and can not stop and turn around on a dime. But steam ships eventually stop and turn around. Pattern becomes valid when price breaks the neckline in a downtrend..H&S tops are a reversal pattern and there must be an uptrend preceding it so it has something to reverse (o: It is a 3 peak pattern with the head being the tallest peak. The left and right shoulder do not have to have exactly the same price, but they should be in the same ball park. I like to draw a line from the head to the neckline, use the magnet and move it under the neckline. This gives me an idea on how far it might fall.. If the three peaks are level, it is a triple top (LHCG) In a triple top pattern, the middle top may even be lower than the other two tops. (I have noticed quite a few of these as of late) This is what I like writing and posting these because reading about triple tops made me recall something I forgot about the middle peak being lower. The higher the velocity of the wave leading into this pattern, usually indicates a larger decline. (Think supply and demand) Downward volume trends also can also increase the move down. Also, if peak 3 is lower than the middle peak, often this will increase the decline. Pull ups (rallies up) can hurt performance By no means a recommendation.. This is a strong stock so not telling. Maybe WMT just needs a hair cut (: The trend is your friend until it is not..and it is not always a good idea to buy red (o:
NYSE:WMT
by lauralea
4
WMT Covered CallBeen holding this trade for a few weeks now. This is my first post related to options trading. I'm using the lines to show a visual of how selling a Call has helped create a range of profitability and risk management. GREEN LINE - Max Profit - This green line is in relation to the original share price entry point, the Call strike price, plus any premium collected. YELLOW LINE - Strike Price - I will adjust this often in an effort to continue to manage the risk, while maximizing profits. I try to stay under the stock price to maximize risk management. RED LINE - Break-Even - This line is a proposed break-even price of the covered call. It is a linear sloped line, but is not accurate. This line give a rough estimation of what my break if is based on each expiration date. PINK LINES - rough projections based on the last Max Profit and Break-Even potential. I'm using this to show what might potentially happen to the range, the longer I hold on to this trade.
NYSE:WMTLong
by oldinvestor