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Next Week Is Busy for Home Depot and the Housing Sector

NYSE:HD   HOME DEPOT INC
Believe it or not, housing is one of the strongest parts of the market in 2019 -- rivaling only semiconductors. Low interest rates and a lack of inventories are helping fuel the move.

The next week is big for the industry, with NAHB's sentiment index, housing starts and existing-home sales all due. Home Depot also reports earnings on Tuesday, followed one day later by Lowe's .

HD broke out to new record levels last August and has formed a tight basing pattern since. The stock has also held its 50-day simple moving average and its stochastics show a bounce potentially starting.

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