Lumber prices are likely responding to increased supply. We can tell because not only is Lowe's (LOW) moving lower, but also Whirlpool (WHR) is moving lower in the same dynamic. Both of these stocks are components of State Street's Homebuilder ETF (XHB) and all of them are related to the price movement in Lumber futures (LBS). Since Whirlpool's appliances aren't...
The PEAD projected a Bullish outlook for $LOW after a Negative over reaction following its earnings release placing the stock in drift C
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Hi guys,
this IV brings me to reverse the condor again.
3 weeks and 3% strikes give a range to be ITM with the 2 sold options between 192.5 and 205.
The odds to end ITM are only 24%, so I revrese the condor to have a nice 76% probability of profit, RR almost 1
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Enjoy your wallet!
Tari,
Lowe recently showed a breakout from bull flag pattern. It is ready to move up. Also its brothers like home depot is moving up. Sector is hot
hope you are enjoying my analysis, ideas here are for entertainment and education these are not trading advice
Aaron’s Furniture ( AAN )
Big Lots (BIG)
Croc’s ( CROX )
Lowe’s (LOW)
REASON: Retail - especially those brands less equipped to adopt e-commerce - was hit hard by the pandemic. Not only were people not visiting shopping malls or buying work clothes, but fashion as a whole was reduced to sweatpants and leisure clothes, taking many fashion retailers on a...
Hi guys!
This iron condor is 4weeks 10% strike.
Odd pretty nice, the premium is not that much, but sice we can cut the loss the RR is on our side!
Enjoy your wallet!
Tari.
Lowe's triggered my early-warning price reversal algorithm. The full accuracy when this occurs is detailed in the article at my website below. The RSI algorithm determines overbought and oversold levels. The algorithm signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. This is...
Consolidation since Sept. Gravestone doji candlestick showing .Tried to break out today and got rejected; slumping home sales numbers that were released didn't help.
Targets are fib red lines
Watching for the last support on Lowes @ 150, if breaks and continue bear momentum this has a chance to fall in line with pre covid levels and fall past all the overbought land on RSI!
The PEAD projected a slight bullish outlook for $LOW after a positive over reaction following its earnings release placing the stock in Drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
