Apr. 29 at 11:02 PM
Housing/reno names getting hit again into the Fed tape.
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$HD drifting right back toward that April swing low area (~
$316) â market clearly not in a âhome improvement spendâ mood right now. Feels like macro is dictating everything and fundamentals are just along for the ride.
$FICO earnings getting completely buried in the noise, zero reaction like the tape doesnât care about clean numbers today.
$SITE absolutely collapsing ~15% post-earnings. Iâve learned to respect signals like that â especially when âsmall operational red flagsâ show up long before the chart breaks. That kind of price action usually isnât random.
$FND also hovering near 52-week lows⊠still no interest catching falling knives in this group. Let the dust settle.
Rotation feels defensive â capital is picking safety over âhousing recoveryâ narratives for now.