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REPORTS FROM THE TRENCHES
Hubert Senters here.
Let’s take a look at CMG affectionately called around here Chipotle. It’s obviously a joke and stuff and I know it’s not funny if it gets food poison stuff is what we call to probably stock around here though. Anyway looks good. It’s gapping up, consolidating. This one gap down. It has closed below the cloud and shoot almost this entire year and that’s amazing. Fortunately.
Looks good probably goes to north $550 maybe even $600. Everything else is going down. Chipotle is going up. I had a question from a viewer on Home Depot. What I thought about Home Depot? Is I would leave it alone right now. It still looks pretty good. It’s in an uptrend. It’s doing what all the rest of the index futures are doing which is going basically down for the past four days.
It’s at the bottom of the cloud. It depends on where you’re long or if you’re short so I was told to talk about it. The ADX is a little low. It’s at the bottom of the cloud. Just watch it. I don’t want to get long once it goes back above the cloud or short once it gets below the cloud. So for me Home Depot would just be a watch and observe but don’t trade in that situation. Hopefully that helps. \
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Good luck. Hope it helps. And I’ll see you on the next video.