Walmart is a safe-haven stock, but even its shoppers will eventually cut spending if the economy declines; big bounces are shortable at key levels and a pullback is expected.

On the other side, a safe haven demand stock is Walmart. Walmart extended short-term look for a potential short around 120 on the day. I would expect a pullback.

Listen, people are going to have to if people are struggling, they are going to go to Walmart. But at the same time, people that are go to Walmart, and listen, I go to Walmart.

Heck, I buy stuff there. But the point is eventually even people that go to Walmart are going to cut back on spending if the economy goes down. So to me, big bounces in Walmart probably shortable opportunities at key levels.