In this short clip from the SMB AM Meeting I discuss Wal-Mart’s earnings and a potential fundamental short catalyst. In these scenarios we come up with a thesis and look for price action confirmation.

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Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: [email protected].

Steven Spencer is currently long WMT (from 76.49)