Home Depot stock at the close last Friday

Home Depot is testing a bottom at the 20 days lower channel; this is a contrarian trade going against a medium term trend.

Here it is with the volatility line, before last Wednesday HD tested the bottom on Dec/5, tried to go up but still with high volatility it couldn’t hold. 

Follow up from last week post

At Midday

CARG, had a nice down run, let’s see at the close if a tweet can reverse this trend

HI, it looks like is regaining strength

And XRX too trying to recover or at least ending the downtrend, maybe

Ideas at the close

The S&P showing some short time strength but still a low momentum. Last 3 days up retracement  is 60% of the previous down move, let’s see if Fibonacci is for real.

CARG dropped 1.18% today and continues on a downtrend with high volatility

HI with a drop in momentum and a small increase in volatility does not have long possibilities at the close today.

XRX saw its price decline 1.38% today

Trading Ideas at the close yesterday

As always the market doing its best to whipsaw our money out of us

CARG showing weaker relative strength

 

HI and XRX are both inconspicuous long and short candidates respectively