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) — market clearly not in a “home improvement spend” 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 doesn’t care about clean numbers today.
$SITE absolutely collapsing ~15% post-earnings. I’ve learned to respect signals like that — especially when “small operational red flags” show up long before the chart breaks. That kind of price action usually isn’t random.
$FND also hovering near 52-week lows… still no interest catching falling knives in this group. Let the dust settle.
Rotation feels defensive — capital is picking safety over “housing recovery” narratives for now.
