On long term basis, Home depot holds uptrend - price is trading above 1st standard deviations from 5- and 10-year means. On short term basis, price is trading laterally - it is trading within 1st standard deviations from both 1-year and quarterly moving averages. Moreover, current short term lateral range is outlined by the 1st standard deviations from...
$HD is showing strength in a consolidating market and making its third attempt to break the 118$ resistance zone. Right now, 118$ is a strong resistance that may hold and send the stock back down to test the bottom of the rising channel you see in the chart. If $HD breakout attempt will be successful and the price will close above 118$, it may rally towards its...
If HD opens above 116.24 consider using the Retest Gap strategy. To get a free and complete stock trading education go to www.RealLifeTrading.com
HD rallied off the 106.62 low (April 30, 2015, near the 38.2% retracement of the 86.35/117.99 rise), forming a 3-week rising channel. Further gains open the 116.24 (April 9, 2015 lower high) ahead of the 117.99 record high (March 20, 2015). 110.83 (May 14, 2015 low) serves as the immediate support. A breakdown there is needed to dampen the bullish momentum and...
Day 2 - Seems like an important day for these stocks. Most stocks here are wound in a some sort of patterns.. This Strategy #8 trigger today can take signal a technical breakout. Watch out for the market... SPY Lagging behind QQQ lagging behind IWM. - Nimble and selective are the words i want to remind again.
Taking a little off the top at the psychological level of $100 with excess supply, lo demand, distribution & pro active selling signals. High average trade size today indicates trading desks were active. I didn't check LOW yet as it is not a holding. Just managing risk and will use an option strategy also. Targets noted. This may play out in January. Time to...
Home prices are falling, less and less applications for homes, and rising interest rates... nothing is going well for the housing hangover...
If using ITB as a proxy for housing market, it appears to be rolling over. If that is the case, how long and how high can Home Depot stand?