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StockPickingEnthusiast
Mar 22, 2024 5:06 PM

Double-Top or Just a Pause? $HD Short

Home Depot, Inc. (The)NYSE

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NYSE:HD

I wonder if this ends up being a double-top for Home Depot?

I would watch lumber prices, it tracked lumber quite closely last time, if lumber fades soon it could signal macro-economic weakness in the economy, which could lead to lower bond yields and lower stock prices together. Watch closely my friends.

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*Full disclosure, I own put spreads*
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