Home Depot Setting Up for Big Directional Move

Mike Paulenoff MPtrader

HD-- If ever there was a chart set-up that is approaching-- is at-- an inflection point for a BIG directional move, it is retail and housing bellwether HD, especially as my 5, 20 and 200 DMA's all converge in the 171-175 area.

Let's keep in mind that HD does not release earnings until May 22nd...

Author

Mike Paulenoff

MPtrader

Michael Paulenoff has been a student of and a participant in the world financial markets for the past 26 years, since his graduation from the Georgetown University School of Foreign Service in 1979.

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