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For what it's worth HD looks to be forming another smaller BULL Flag. Upside target ~$135. Since you asked me I have to ask you... are you using this time to ADD to your short position ?? Your FIRST loss is your BEST loss. My 0.02

You took the words out of my mouth. Except I usually enter all in or mostly all in and exit all out or mostly all out with a trailing stop. If the trade triggered the stop and immediately reverses to a buy signal I can re enter the trade all in again. However, sometimes I still miss out on...

I am aware of Japan possibly adding casinos. However, again I don't trade the news. In a situation like today a properly managed trade would have a trailing stop loss that is triggered in this situation to either lock in profits or at worst minimize losses depending on entry price. That is not...

Of course it does not portend this. Nothing does. But that is why you have Risk Management rules and trailing stop losses in place. Stops are your safety net in these situations.

Add the "L"....GOOGL not GOOG. The company split a while back.

No prob. I know everyone trades their own way but you asked the question about TA, so I gave my opinion. Glad it was of some help.

Maybe the Never Trump supporters should get a Participation Medal for particpating in the election process.

So let me get this straight, you think a call of QQQ as the top and saying "SHORTS THIS IS OUR TIME" is some sort of prophecy that he was so wise to point out? He acted as if the world was falling apart. I and I am sure others here proclaimed that it was merely a pullback/correction or pause...

LAUNCH seems imminent.... up about 2.5% today,nearly touching 52 week high. Expect a pop for a new high very soon.

Well that didn't take long. Up nearly 10% in 2 days. Closed at the last 52 week high ($20.44) but intra-day made a new 52 week high.

You guys sound like AssHat. Why fight the tape? This thread was started when the S&P was 2180 and now we are 3% higher and closing at the TOP of the days range at NEW ALL TIME HIGHS and you guys INSIST this is overbought, this will tank any day now. Maybe it's time to rethink your strategy...

I will be short when that happens. Until then it's a bull market baby.... giddy up

Whatever you say man, I had no idea there was even news today about the Housing Industry. I have a full-time career so I can't watch for news reports, nor do I care what they say.

Short at your own peril. Fundamentals only matter IF people and Institutions with a lot more money than we have THINK it matters. I am just a small fish on the back of the whale.

It DID work on down days. Look at the SPY and notice that 11-30 to 12-2 the market went down a bit and found support around EMA 20 and had a BULL FLAG forming JUST LIKE HOME DEPOT? That was the time to buy. I have said several times market may retrace a bit and looking to buy dips. Look at the...

There would be some indication on the charts that the markets would sell off. There is very little indicating that. There will ALWAYS be surprises and ALWAYS times that you get conflicting information from one timeframe to another. But if the market sold off then this would look different but...

Just to finish out the lesson,... The 60 min chart shows a rising wedge (Blue triangle lines) which is a BULLISH formation showing buying pressure underneath the stock with a RISING MACD line divergence. Divergence means the MACD is rising while price is flattening or falling. Again, that shows...

Well,... since you asked... This is a crash course in HD Chart TA. Daily chart shows a recent down trend in HD with a recent break above resistance (red line). Notice that resistance was broken with a relatively steep uptrend support line (green line). Once resistance was broken the price slid...

Stop hit @ $782. Break even trade.

Like I've said before, I don't give a s*** what the fundamental say. People want this stock. It is breaking out of a bull flag today.