Home Depot(The Daily Chart)

Home Depot(The Daily Chart)

HD closed out the week with a 4% gain.  The stock is up 10% from the May lows.  The drop in rates over the last three weeks has given the housing related stocks a nice jolt.  We believe HD is on the verge of a breakout.  The stock is bumping up against an overhead...
HD

HD

A “W” pattern and or a H&S (Head & Shoulders) pattern on this Weekly Chart may be heading for all times highs again on a breakout above the right shoulder.  Some congestion here would be good first.
Russell Still Lagging

Russell Still Lagging

The Russell 2000 Index continues to lag.  While the Dow Industrials, S&P 500 Index and the Nasdaq Composite moved well above their respective 200 day moving averages this week the R2K Index has remained below.  A similar pattern can be found in the Dow Transports....
CenturyLink Lifting

CenturyLink Lifting

CenturyLink retested its 1994 lows last month after dropping over 60% from the 2018 peak.  The stock has rebounded nicely since and is at new June highs today.  CTL is bumping up against the 50 day moving average, a key resistance level since last October, as it works...