Walmart Stock (WMT)

Monday's market advance had some conspicuous and worrisome divergences: * Market breadth was poor and leadership continued to narrow (even more noticeably than in the past few days): * The VIX strengthened to 18.38 (+1.19). * Financials were noticeably weak. Homebuilders, restaurants (Shake ...

When I was out yesterday I covered shorts in WMT, COST and CAT (for losses). Position: None

I have added to the following shorts: BXMT, CHGG, CZR, GRNY, JOET, MGM, MPTI, RICK, SNBR, WGO and WYNN. New shorts: FIGS, CAT, COST, CVNA and WMT. Position: Short all the above

"Just one more thing" - Lt. Columbo I have covered my COST and WMT shorts (I had them in a pairs trade with a long AMZN) after the close: * COST $980 * WMT $121.75 Both the long end (AMZN) and the short end (COST, WMT) were profitable!

I remain long Amazon AMZN and short Costco COST and Walmart WMT — in a three-way "pairs trade." In a few brief weeks it has been a home run — and I am sticking with it. More on Costco's EPS report later today.