May 16, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

A Tell Ahead

Please click here for a chart of Walmart stock (WMT)

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of WMT stock is being used to illustrate the point.
• Walmart is the largest retailer in the U.S.  For this reason Walmart earnings are very important to the stock market.
• The chart shows that WMT stock has broken out of the resistance zone on earnings.
• RSI on the chart shows that WMT stock is now over bought.