timwest

Home Depot (HD) - sell short

BATS:HD   HOME DEPOT, INC. (THE)
494 0 3
I am stepping a little bit out onto a limb on this call, if only because HD             has had such a strong, persistent             advance from last fall. When you consider earnings for Home Depot             peaked 7 years ago it is a good reminder that HD             is a cyclical stock. Cyclical stocks tend to look great after big rallies and they look terrible on the charts going into bottoms. Well, Home Depot             looks great. If I had to stay short this, I would find something to go long against it, like Walmart. The boxes on the chart are the same size. If I can add at some point how HD             reacts to news then I will have a much stronger argument to make. Cheers. Technical Tim 11:14AM EST, Wed, March 7, 2012 46.90 last.
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