Walmart Stock Sells Off Despite Strong Quarter

Dow component Walmart Inc. (WMT) rallied to a nine-month high in the triple digits ahead of this week’s third quarter earnings report and sold off after the news, despite beating profit estimates and raising full-year guidance. The bearish reaction surprised...

Vipshop Finally Breaks Out After Strong Earnings

Vipshop Holdings Limited (VIPS) shares rose more than 10% in early trading after the company reported strong third quarter financial results. Revenue rose 16.4% in renminbi terms, while gross profits edged higher by 3.8%. Active customers rose 11% to 26.5 million, and...

Advance Auto Parts and O'Reilly Alert Bullish Demand

Gains of 74.35% and 43.43% this year for shares of Advance Auto Parts, Inc. (AAP) and O’Reilly Automotive, Inc. (ORLY) tell the story of unusual bullish trading activity accompanying the moves. The main criteria we look for when betting on upside in a stock are...

Netflix Completes Head and Shoulders Pattern

Netflix, Inc. (NFLX) stock printed money for happy shareholders for more than two years, rising five-fold into June 2018’s all-time high at $423.21. Most technicians assumed that the decline into August would signal another buying opportunity, but the correction...

US Stock Market Sector Internals

We’ve been looking for breadth and momentum divergences to be confirmed both in the U.S. and globally to mark the start of “the bottom” in equities as an asset class, so today I want to highlight the breadth of one sector that provides perspective on...