Fundamentally speaking I hear that Home Depot and Lowe’s stores are jam packed as folks are dong up their homes. It’s not clear what the reasons are for the sudden home improvement spurt. Is it a) people doing up their homes because they feel better about their financial future and hence a positive sign […]
This morning Home Depot served up its latest earnings release and upped its full year profit forecast. Sales however were down…, expenses as well. Either way, the stock is up around 1.50% as of this writing and again touching on the critical $18 resistance area. We remain long a core Bucket 3 holding of HD […]
I've pointed out HD here http://steadytrader.wpengine.com/is-home-depot-hd-ready-to-rip-higher/ and it continues to act well. In the Morning Line-up newsletter this morning i raised it again to subscribers and we are adding to longs. Stops remain around $36 and profit targets are layered above $38.50.
Today is the day…at least it looks like it so far, when HD is breaking higher and we are starting our accumulation process. See my post from yesterday, making the case for a nice move in HD: http://steadytrader.wpengine.com/is-home-depot-hd-ready-to-rip-higher/ In the chat-room this morning we are discussing how to scale in, out, and where to set stop […]
Fundamentally speaking I hear that Home Depot and Lowe's stores are jam packed as folks are doing up their homes. It's not clear what the reasons are for the sudden home improvement spurt. Is it a) people doing up their homes because they feel better about their financial future and hence a positive sign for […]
Good morning and happy Friday! After a fairly flat broader tape yesterday, we rise this morning to most things, dollar and treasuries aside, trading at higher prices. The Euro continues its astonishing rally on the back of the rate-hike the other day. Gold, silver, oil, and stocks are all up solidly ahead of what looks […]