PAIRS TRADE - Buy WMT, Short SPY

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Here is just another way to look at how nicely WMT is positioned versus the overall market. The recent wave of news pushed WMT down to a decent level and the recent linear-rally in the overall market (perhaps dragged up by technology and oil shares) has a reasonable profit-potential sitting on the table.

Upside: 5% in the next two weeks.
Risk: 5%.

By: Technical Tim, March 5, 2012 3:52PM EST