Like any other red blooded American male, I spend a lot of time at Home Depot. Now that spring is here, my local Home Depot is packed with men, women, and kids in tow. Feels good to see that people are still beautifying and upgrading their properties.
Still, if you looked at the HD chart, you’ll notice that it’s nearing a death cross (50DMA below 200DMA) on the daily chart. Is this the classic “sell in May and go away” syndrome or the first parts of “Taper” finally working its way through the system?