WalMart Stores Inc.(NYSE:WMT) is the world's largest retail company. The stock is pulling back a bit this morning. Short term traders can look for intra-day support around the $55.00 area. Traders should just look for a quick bounce around that level.

If you are trading with multiple time frames it's a good idea to be open minded and every now and then look at some different time frames to be sure you have a solid understanding for the longer term trends in play. I will admit that it’s easy to get caught up in trading the shorter time frames like the 1, 10, and 60 minute charts especially when there are large intraday movements.