I think this is a good time to take this trade off. VIX has popped up a fair amount. We have had a nice post-options-expiration selloff also. Earnings are also behind us and this is the most oversold the stock has been in over a year (using a 6-month rate of change as the measuring stick). I'll hope I don't miss out on the rest of the decline, but the risk-reward...
Home Depot is at nose-bleed levels from my perspective.
The rally is nearly linear for over a year (note the tight regression and the 60% rise in price) and you can clearly see the bulls have had their party for a long time now.
It is astounding how HD has refused to go down along with the other homebuilding stocks and lumber prices and the financial engineering...
I first want to say that this pattern could be broken. I would wait for a clear sign that we are reversing. It could break through and go parabolic like COST, MA, V has over the years. SO WAIT FOR THE SIGNAL! It's not a perfect bearish crab, but combined with the indicators and the recent parabolic run up, it is possible.
HD has been trending down for over a month and has been settling in a nice trading range. I would like it to go a little higher to minimize risk but it still may be a good time to start a short position. I could see a move up towards 80 but I think the move down is going to be much more aggressive with a target of near 70. There is a short term support but I...
Home Depot will have a solid summer 2013 and beyond. Continued strength in housing, HD's adjusted focus on it's core business, and category dominance all point to sustained growth for the long haul. Perhaps a small discount in the days to come...
Home Depot will have a solid summer 2013 and beyond. Continued strength in housing, HD's adjusted focus on it's core business, and category dominance all point to sustained growth for the long haul.
Momentum strength deteriorating in HD on the Weekly chart. Price has been in a parabolic move and is in sore need of resting.
Similar looking upswing to the Nikkei's recent accent.
No short confirmation yet, but certainly on the radar.
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The rally in economically-sensitive housing stocks has bordered on EUPHORIA from my perspective and now that there is evidence of strong distribution of shares, there is reason to suggest that a further correction amounting to 15% may occur over the next three months.
Expect violent rallies after each level of support is broken. This is typically the case after...
