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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Back to the Grill Again

chessNwine Thu Sep 5, 2013 3:38pm EST 4 Comments

I hopped back into a short Home Depot trade inside 12631, at $73.23, playing for a major breakdown in the, still, long-term very extended major housing-related retailer.

Earnings are now out of the way, unlike the last time I shorted it. So let’s see if this is the real-deal breakdown. My cover-stop is a close above $76.

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HD

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4 comments

  1. GuidedExcellence
    GuidedExcellence
    September 5, 2013 at 4:21 pm

    Chess,

    I like the concept here as ITB continues to be wholly lacking of any oomph to the upside… I also think your thoughts on SHW hold merit even though they were up today a bit in may be channeling downward..

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