Stocks Recoup Morning Losses Despite Hotter Inflation Data

Oil

Oil is in an extraordinary place, hitting up against resistance around $61.68 and a big downtrend, going back to late 2014. A failure at this level could be pretty big, with crude easily falling back to around $54.

Exxon (XOM)

It makes the rising triangle in Exxon potentially damaging, with a reversion to $46.20 possible.

Apple (AAPL)

Today, Apple dropped to support around $130, with the next level to watch for around $127. The uptrend in the stock is broken, and as I noted last week, there was a sizeable bearish bet on the stock. (Content for members of RTM – Apple’s Stock Sees A Big Bearish Bet

Walmart (WMT)

Walmart looks like it may be breaking out after passing the downtrend and resistance at $147. A push above that level could make the stock go higher to around $150, and preferable back to its highs of around $153.

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Disclosure: Michael Kramer And The Clients Of Mott Capital Own AAPL

Disclosure: Mott ...

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