Target Gaps Up on Earnings; Walmart Shedding JD
$TGT $WMT $JD $KWEB
TGT 0.00%↑ up in pre-market following earnings. I don’t see anything exciting in the chart, with the activity so far this morning taking the stock back into a congestion area. Fundamentally, there’s still a lot happening here, and from a technical standpoint, overhead supply remains an issue. I’ll be more interested when the gap above is filled (i.e; around $200-205 level).
WMT 0.00%↑ is up over 40% YTD and keeps making new highs. News out yesterday about them selling their JD 0.00%↑ stake, which is worth keeping in mind given the geopolitical landscape. The trains left the station on this one. I’m looking(hoping) for a pullback to present an entry opportunity.
JD 0.00%↑ is a mess and a complete no touch right now for me.
The KWEB 0.00%↑ has been trading sideways for a long time. I thought the recent move above $27 might be the start of a turn, but that hasn’t played out yet.
