Do you feel it is time to pull back fish on HD?
Do you feel Bullish or Bearish about the market as a whole?
Are you buying dips or sitting out in cash?
Are you going Long or are you going Short on securities right now?
Are you tempted to buy the dip on your favorite stocks today? If you are, you may be a bull in a bear market.
But they always say in the long run, bulls will be okay. I do believe that but it is not my nature to watch my account go red while I wait. We are all different.
I see Wall street is still bullish on Home Depot. Short percent is very low at under 1%. There appears to be support trying to form under price, but will it be temporary?
It would seem it is against the odds that HD will fall. But is it? The chart says Yes, it will fall. Wall street says No and I see many analysts calling HD a strong buy.
There is a large structure at the top, and it looks like a head and shoulders or an ugly top. You may see it differently. Price is under the neckline. H&S tops are not valid until the neckline is broken as it serves as strong support while price is above it. The neckline becomes resistance after price falls below it. Folks who short this pattern often place their stop over the neckline and then trail the stop down if price continues to fall.
I love this stock. Am I bullish on much of anything right now? No
Would I buy the dip at this level? No but we are all different.
Will I buy the HD dip at a much lower level? Yes. I have alerts set and when I receive the text, I will re-evaluate.
Am I planning to jump off a building because SNAP missed earnings? NO (O:
I have wondered in the past why the stocks with the most gains can fall the most when we enter a bear market. I am guessing it is because there are more buyers in the more popular stocks than in the not so popular stocks. More buyers equals more sellers.
This is my first bear market since I started managing my accounts by myself. I have noted there are some securities folks are having trouble letting go of and they are holding on. HD may be one of those as this has been a slow decline.
Will they let go? I have noted when folks finally decide to let go, watch out below.
The impulse wave up for HD from the bottom, is very long.
No recommendation. Be safe//Laura
Do you feel Bullish or Bearish about the market as a whole?
Are you buying dips or sitting out in cash?
Are you going Long or are you going Short on securities right now?
Are you tempted to buy the dip on your favorite stocks today? If you are, you may be a bull in a bear market.
But they always say in the long run, bulls will be okay. I do believe that but it is not my nature to watch my account go red while I wait. We are all different.
I see Wall street is still bullish on Home Depot. Short percent is very low at under 1%. There appears to be support trying to form under price, but will it be temporary?
It would seem it is against the odds that HD will fall. But is it? The chart says Yes, it will fall. Wall street says No and I see many analysts calling HD a strong buy.
There is a large structure at the top, and it looks like a head and shoulders or an ugly top. You may see it differently. Price is under the neckline. H&S tops are not valid until the neckline is broken as it serves as strong support while price is above it. The neckline becomes resistance after price falls below it. Folks who short this pattern often place their stop over the neckline and then trail the stop down if price continues to fall.
I love this stock. Am I bullish on much of anything right now? No
Would I buy the dip at this level? No but we are all different.
Will I buy the HD dip at a much lower level? Yes. I have alerts set and when I receive the text, I will re-evaluate.
Am I planning to jump off a building because SNAP missed earnings? NO (O:
I have wondered in the past why the stocks with the most gains can fall the most when we enter a bear market. I am guessing it is because there are more buyers in the more popular stocks than in the not so popular stocks. More buyers equals more sellers.
This is my first bear market since I started managing my accounts by myself. I have noted there are some securities folks are having trouble letting go of and they are holding on. HD may be one of those as this has been a slow decline.
Will they let go? I have noted when folks finally decide to let go, watch out below.
The impulse wave up for HD from the bottom, is very long.
No recommendation. Be safe//Laura