Thursday, November 12, 2009

Wal-mart Mexico.

Wal-Mart de Mexico, is a Mexican blue-chip company, which is 31% owned by the American retail giant Wal-Mart Stores, Inc. It has been traded at the Mexican Stock Exchange since 1977 and is Mexico's eighth largest discount retail store.
Wal-Mart operates over 1,249retail outlets in Mexico including restaurants and supermarkets, under the names Walmart, Superama, Suburbia, VIPS, Sam's Club and Bodega Aurrerá. The company is now Mexico's largest private sector employer. It competes fiercely with Soriana, Comercial Mexicana, Casa Ley, Chedraui and H-E-B.
WAL-MART-V (Stock quote:-WALMEXV.MX)
Seems that Walmart Mexico's stock price is getting stronger and stronger to pierce through the 52 weeks high.
Thursday closing price:50.240MXN.
The pullback was healthy and rested on the bull pivot.
The entry of Wal-Mart into banking in the U.S. and Mexico signals a tectonic shift in the landscape of retail financial services on both sides of the border.
The Dow.Thursday 12/11/09 is 6 market days to index/options expiry.
Friday is the PIVOT Day of the month.

9:30am:--Weak bear open.
10:30am:--Pullback to first hour MAV whith bearish hammer and bearish spin.
11:30am:--Holding at hourly low with triple bears.
12:30noon:--Morning session consolidation time but holding at low,no good sign.
1:30pm:--Opening yet another low,bearish doji star.
2;30pm:--Bearish engulfing,another new low.
3:30pm:--Sliding to the final day low.
4:00pm:-Technical recovery attempting to pierce thru bear pivot resistance.(10,208.84).Good sign follow through.
Initial jobless claims for the week ending November 7 totaled 502,000 within expectation.
The dollar's gains have suppressed interest for stocks this session particularly burdensome for commodities.
The pullback is still fall short of Monday's half candlestick body and as soon as been filled will stage a rebound for the second half season of the month when the October index futures are due for expiry.