17Dec12:30 amEST

Late Night Strategy for Wednesday

B4xrw2ICIAArHb0.jpg-large After a nice breakout to new all-time highs, I believe Wal-Mart could easily be setting up as a quick short. On the daily chart, below, note the blue lines indicating a tight range of late below the the 20-day simple moving average. On weakness, WMT is likely to breakdown further and at least test its 50-day moving average. A move over $85, alternatively, would be a long trigger. A few short ideas into weakness: AAL COST DAL LOW UAL V Long ides into strength: BLMN CORN RUBI WMT

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