(HD) Home Depot 9 am Conf Call could make things tricky

[zyzzyva57]

I have a Buy-Stop set at $39.25 to 39.50 to catch any earning and/or good news

A 9 am Conf Call could make things tricky, so if my Buy-Stop trips, I have alerts set to dump out fast if the stock then collapses

[Thierry Martin]

1191

[zyzzyva57]

The chart indicates for me a dead stock, but...

I figure by the 9:30 market opening my trip wire will be hit from 9 am great news or not be tripped by the Market Movers

I want to trade on the possibility the new CEO from retail may have great news

I do know at my local HD something is ineffably different

I would suggest you add to your chart the Slow Stoch to catch the Market Movers

Here are the metrics I like on mine:

MACD: 8-17-9
SLOW STOCH: 14-5
MA: 20-50-200 (Exponential)
RSI: > 60 <70
Price+VOLUME with Volume UP SIGNIFICANTLY to indicate the stock movement up has legs (or down)

The above metrics will sync together

I also look at the Month chart to spot Trends, while with the Daily, the price

What do you think?

From Zack's (to track what Cramer likes in the P/E and growth)
PEG: <1 = UNDERVALUED
PEG: >1 = GROWTH
PEG: >2 = OVERVALUED

Regardless, Thierry, have some fun watching HD and thinking of me making a fool of myself :)

[TonyM]

If that article I posted the other day about the possible housing bottom and the orders coming in for HD is any indication, then HD should guide higher which I think would likely overshadow a small earnings miss as I think most of the bad news with these guys is already baked in. I've started watching HD & LOW to see if interest starts picking up.

[zyzzyva57]

I read your post and see your point

As a Trader-Wannabe (NOT Investor), what I am wanting to do is bet on surprise jabs UP in a stock--get in on the jab and dump out with a Trailing Stop when the stock begins to fall back

With HD today this will be tricky, because when the Market opens the HD earning conference will still be going on

But, I am hoping the new CEO will make the Market Movers happy right off as Cramer discussed Monday night
http://www.thestreet.com/_tscs/funds/madmoneywrap/10356778_2.html
so when the Market opens, these hot shots will be in a buying frenzy

If not, my Buy-Stop trip wire won't be hit

In the past, I have set this too tight, so when a stock jabs, my range was so narrow, the Market shot right through without tripping it--I have discovered, for example, Market Orders over-ride Buy-Stops

At least, I am making this conference call fun :) Stay tuned

[BuyOnDips]

They missed big and guided downward. Like I said before, stay away from the home builders and housing sector. I don't see a bottom coming any time soon.

http://www.thestreet.com/_yahoo/newsanalysis/dailymarket/10356798.html?cm_ven=YAHOO&amp;cm_cat=FREE&amp;cm_ite=NA

[Luc1Grunt]

Buy 1000 shares on the first bounce, then get out after $.15

[Luc1Grunt]

You'll be able to tell when shorts begin to cover...ride that wave.

[TonyM]

Yup, conference call won't save this one imo, but looking at the pm action it might get a bounce as it looks to have bottomed around 37.90 and is currently back to 38.13 Also noticed LOW taking some pm downside (about .25) as a result.

[zyzzyva57]

I am waiting to buy spikes

I could less about anything else

I have read the same stuff about HD

What I await is how the Market Movers interpret the Conference Call

Ideally, the new CEO says some stuff that ignites the MM

The MM can go into a feeding (or dumping frenzy) over the sun coming out, e.g., the price of oil

If they agree with you, then the stock will go down and I will NOT have bought

If the price should spike, I am in with a tight Trailing Stop set ASAP

[Luc1Grunt]

38.10 to 38.29.....tasty $.19 gain on 1000 shares. Hmmmm, what is SNDK doing today?