NYSE:LOW   LOWE'S COMPANIES INC
I have been watching this stock for a while now, and have started to notice some serious bearish signals on long time frames --> 1D - 1M.


1) Above, you can see a MASSIVE bearish divergence on the monthly chart, while we are extended, coinciding with this market cycle. THe volume has also been dramatically low.


2) Above you can see that we are now about to fail to make a new ATH for the third time in this range, with 2 very bearish candles now printed on the daily, and the Stoch RSI extremely overextended on even more decreasing volume .


3) While the weekly has not finished printing yet (it is Monday as of posting this), I will be looking for short opportunities tomorrow and throughout the rest of the week, and am willing to set a looser stop on this position given the macro trend I am trying to capture with a longer term options bear put spread.


4) I have not picked a specific target yet, and have been eyeing strike prices and position setups, will continue to update when I take this position. In general, just off of a quick look at my price levels and trends on the daily, I would say that targeting in between $100-110 is extremely safe, and even between $92-95 could be very realistic as well.

5) Based on the past swings on the daily and weekly time frames, I will probably be targeting bear put spreads that are 45-60 days out in order to give myself time but still capture theta.
Comment: I also do not see us getting over that golden line of around $117 any time soon, at least not in this weekly cycle. So, I will probably target out of the money bear put spreads within the range of where we are at the time of this post ($114.79) and ATH ($118.72).
Comment: Noticed I said bear put spreads, meant bear call spreads***

You get it... the idea is this is going down long term.

it definitely has to break that top line to continue ,
or down it will come
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G13Man G13Man
@G13Man, i too have been watching this one
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@G13Man, Walked thru a Lowes today and there seemed an air of depressedness actually. Many departments had been "streamlined" and very few helpers available in the aisles. Even when I got to the Pro Table with 3 employees attending to the same task, my wife and I weren't even acknowledged so we eventually walked away even though we were in the market to put down new flooring. I asked at the front what was going on, and the checkout person came out and said that the new CEO had "changed" things quite a bit. Never going back, and sold my shares once I got back home.
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G13Man Sigelitedark
@Sigelitedark, dang , sounds like hechets or what ever that other [ now gone store back in the early 2000's
i was wondering what happened , cause HD is getting the go spotlight now when last year it got the bad press

it recovered and then lost more
now its getting the good s
where low's has seemed to topped off
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@G13Man, yes sir, my bets are on home depot as well--all the contractors in my area are going there now instead of Lowe's if ABC supply doesn't have what they need. not seen perhaps in the fundamentals--I'll be watching out for any feedback from you
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