Adjust WMT stop.

New Stop for WMT is $68.25

Wal Mart is a Go

WMT closed above 68.80 today so the trade is on.  Although the Elliott pattern did not go exactly as I expected, it stayed within the needed parameters so that we can expect WMT to have another up leg over the next couple of months.  Target is 72-74.  Place a stop at 67.45.  

Walmart has a nice 1-2,1-2,1-2 elliottwave set up including an impulse wave with THREE 61.8% retracements.  In addition, it is at 50 week MA support and 18 month weekly trendline support (2nd chart).  Target is 74 in 2-3 months.  A close above 68.80 indicates it is a go.