Retail Home Improvement industry
The S&P 500 Retail Home Improvement chart above suggests names in this group are about to set up for a deep reversal. As you can see, the yellow line represents the home improvement retail sales number. Comparing this to the actual industry, we can see that the retail sales have been not excelling as some would hope it would. The names that comprise the retail home improvement index would be Home Depot (HD), Lowe's Corp. (LOW) and Sherwin Williams (SHW). Watch these stocks begin to decline as more consumers shift away from the housing market and spend their money on other things, such as gas going into the summer driving season!!!  ¶ 8:50:00 PM