$hd short alert
Demark red 13 & lumber divergence
With the focus shifting away from what benefitted from work & stay at home at hand as evidenced by $amzn $pins $ntgr $clx etc, we think the rate of change argument is hard to fight when it slows. The chart below shows the correlation $hd has had with lumber. It makes sense the price of lumber is a sign of demand and also helps comps at the top line. …