Short Wal-Mart Stores, Inc. (NYSE:WMT) was the Stock of the Week
Our Stock of the Week strategy was short Wal-Mart Stores, Inc. (NYSE:WMT) from $66.75 according to the resistance levels we defined for it on Sunday. Did you see what happened to it yesterday?
- Our Stock of the Week strategy is arguably the best performing strategy on the market since December of 2007, before the credit crisis, and it has outperformed the S&P 500 by roughly 700% during that time frame. The objective is to select one stock every week for trading and to define a trading plan for that specific stock to be followed throughout the week until the week comes to an end and at that time the strategy reverts to cash until the next week begins.
- This is not the best performing strategy we have YTD. Our best performing strategy YTD is called the Sentiment Table strategy and it is up roughly 65% YTD on 15 trades and it has been in cash 70% of the time.
There is a catch to both of these:
You need to be in it to win it!
Both of these can be found on Stock Traders Daily.