Home Depot Warning on 2019Home Depot's earnings out this morning,missed analyst estimates,
with the company warning on 2019 slowing earnings guidance.
I had been short term bullish on HD previouslyin its most recent run towards 200,
However with this warning today,
and the stocks reaction to the news in pre market trading
I have changed my opinion to bearish.
Also note that RSI was not supporting the recent advance in the stock
and the Chaikin Money Flow Indicator CMF, shown here
shows that selling was overwhelming buying despite it's recent advance.
The is a large cap bellweather Dow stock.
Pay attention to what they are telling you.
HD 185.57 Last
THE_UNWIND
2/26/19
Mountains/New York
THE_UNWIND
