Weekend 9/19/2026
As prevoiusly said here, if any one comp[any tracks the social mood of the US is it surely Wal Mart WMT. It peaked mid May and has been in serious decline since. There are two air pocket drops highlighted by the blue arrows. It has not regained the down trendlines shown in blue for RSI, stock price or PMO top to bottom.
Costco looks pretty much the same way.
add Lowe's to the list
a 1.5 year weekly chart is below. The FIB moving averages have been taken out and are turning down.
Monthly charts are slow to react. Here is the five year chart.
PMO, a momentum indicator, has turned down on the monthly chart. The rise from 2025 looks parabolic ending ina spike up. Sure looks like the start of a trend change, and this is on teh long term chart. The long term chart is verifying what is happening on the short term daily chart.
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