I am holding two small positions in WMT and KO from last week. Their price is substantially the same. Soon we'll know the result of the Greek referendum which will influence the market. I might add to WMT on the coming week. I see WMT as a longer term holding, and despite a pull back which is already lasting more than six months, it might go lower.
This week I am looking at XOM which is in a deep falling wedge pattern. Unless there is some kind of market melt down, I am looking to open my first small position at 79.5, and perhaps add at lower evaluations. Here I will just be looking for a quick bounce to 82, or a longer term holding, since I believe that the stock can come back to 82 fairly easily.
The horizontal line at the bottom of the chart is 79.5 -- I am not sure the price will get there, but that's what I hope. In case it doesn't get there, I will look for another opportunity.

I expect further weakness in Exxon Mobile, since brent crude made a long bearish candle today, and the 100 period moving average is clearly broken to the downside. Since the Greek uncertainty continues, I won't open any new position this week, but I will keep on holding WMT and KO.
Join now or log in to leave a comment