The markets are showing impressive resilience as we approach the end of 2024. Goldman Sachs has recently boosted its year-end target for the S&P 500, projecting further gains into 2025.

This bullish sentiment is supported by solid economic growth, anticipated Federal Reserve interest rate cuts, and expanding corporate earnings.

The S&P 500 closed the third quarter at an all-time high and has continued its upward trajectory, rising for four consecutive weeks. With a year-to-date gain exceeding 20.5%, the market’s momentum seems poised to continue.

That said, I want to continue to look at plays in stocks that have a strong chart with the potential for more upside.

That’s why I want to bring your attention to a retail giant that’s showing some very interesting signals: Walmart (WMT).

While most know Walmart as the world’s largest retailer, there’s more to this retail giant:

• E-commerce Powerhouse: Walmart has significantly expanded its digital presence, with e-commerce sales growing 24% year-over-year in Q2 2025.
• Walmart+: The company’s membership program, launched in 2020, offers benefits like free shipping, fuel discounts, and early access to deals. It’s becoming a strong competitor to Amazon Prime.
• Advertising Business: Walmart Connect, the company’s advertising arm, saw a 35% increase in revenue in Q2 2025.
• International Expansion: Walmart International net sales increased 11.5% in Q2, with particular strength in Mexico and China.
• Healthcare Initiatives: Walmart Health is expanding, offering affordable healthcare services in select locations.

Why I like Walmart right now:

1. Strong Year-to-Date Performance: Walmart has been crushing it this year, up an impressive 51% year-to-date, significantly outperforming the broader market.
2. Earnings Winner: On August 15, Walmart delivered strong second-quarter fiscal 2025 results, beating both top and bottom line estimates. The stock surged over 7% following the earnings release.
3. Holiday Season Boost: As we approach the crucial holiday shopping season, Walmart is well-positioned to capitalize on consumer spending. The company’s diverse offerings, from groceries to electronics, make it a one-stop shop for holiday shoppers. Its expanded e-commerce capabilities and efficient supply chain management should help it meet increased demand.
4. Fresh Daily Squeeze: Walmart got a fresh daily squeeze yesterday. The Squeeze is a powerful momentum indicator that helps identify potential breakouts. It measures the relationship between Bollinger Bands and Keltner Channels to detect periods of consolidation (squeeze) before explosive moves.
5. Stacked EMAs: Walmart is currently showing stacked Exponential Moving Averages (EMAs). This is bullish because it indicates strong upward momentum across multiple timeframes. When shorter-term EMAs are above longer-term EMAs, it suggests that recent price action is outperforming historical trends.
6. Consolidation Near Highs: After its post-earnings jump, the stock has held onto its gains and is now trading in a tight range near its 52-week high of $81.80. This consolidation near recent highs can often precede a breakout.

Your Action Plan:

• Watch for a breakout above the recent high of $81.80.
• Consider entering on a break above this level with a stop loss below the consolidation range.
• Target new all-time highs beyond $81.80 for potential profits.

While a move to new highs might sound like small potatoes, let me tell you— when you’re trading options like how I do, the potential returns can be amplified.

Finding these juicy setups isn’t just about luck. It’s about having the right tools and knowing how to use them.

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