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A Tale of Two Retailers: Walmart and Costco

By The Chartman FOXBusiness

Is it time to be a full-on bull? Well, let me go half-way and say, it’s probably not a time to be a bear.

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I base that on the fact that the downtrend has been snapped…but sharp overhead resistance remains.

It’s going to be an interesting last few months of 2015.

Companies like Wal-Mart Stores (WMT) have been struggling, but Costco (COST)? Boy, that’s the opposite side of the coin.

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I like buying stocks that are strong. Gap ups are the only exception. Then, I like to wait until a stock comes back and fills the prior gap.

Back next week to start my Thanksgiving countdown.

What do you think?

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