Friday, June 8, 2012

The Wal*Mart Breakout Appears to Be For Real (WMT)

I could bore you with the MACD and the Mac Daddy; Fibo fans and some high-test mumbo-jumbo but because we'd prefer you revisit the blog in future I'll dispense with the chatter.
On Monday we had two posts:
AM "Say What You Will About Wal*Mart (WMT)"
PM "Breakout! "Wal-Mart Shares Jump As Broad Market Struggles" (WMT)"

Here's the 5-day chart via Yahoo Finance:
Chart forWal-Mart Stores Inc. (WMT)

The stock is up 2.96% with the broader market (DJIA and S&P) up 0.09%.
If I'm reading the chart below correctly, it is saying we'll be fat and sassy: