Home Depot Look At How the Market is Rewarding Good NewsHome Depot, a very mportant US retailer,
who many use to judge it's performance,
as a potential guide to the overall strength of the consumer economy,
came out with much better than expected earnings, and guidance today , 11/13/18
Yet take a look at Home Depot's stock price chart.
I've included the institutional 4 hour chart for observation.
HD topped right after the important end of summer Labor Day holiday in the US
on 9/12/18 at 215.43 a share,.. over two month's ago !
Now some $40 less in value per share, Home Depot shareholders today have rewarded
the quarters better than expected number s and guidance by FALLING over 1 % as I write.
The point here,
is that good news is already BAKED into the stock of Home Depot,
and like so many more company stocks right now,
that have simply "Rolled Over"on the chart.
Large money institutional traders ,
have long since exited Home Depot at prior elevated valuations,
leaving only the 'buy the dip" retail clients
and late to the party investors, to pick up the crumbs.
THE_UNWIND
11/13/18 10:15 AM
NEW YORK
