This morning, many of the leading retail stocks are declining lower to start the session. Weak retail sales reports are certainly hurting the sector. There is also a lot of chatter that the minimum wage will increase dramatically in 2014, should this happen it will certainly hurt the bottom line. WMT stock is falling lower by $1.25 to $78.97 a share. Swing traders can watch for solid daily chart support around the $76.00 level which is where the 200-day moving average is. The next major support level for WMT stock is going to be around the $72.50 level should the stock decline further.