Hubert Senters here.

Let’s take a look at Lowe’s. Symbols is L. Obviously the entire market got smoke this Friday and Lowe’s was no exception. Looks like it’s going to head towards this target which is right here at $46.44 after that is broken then it could potentially drop to $44.65 and then down here to around $42. Let’s see if there is there any other more Lowe’s should be. Let’s just double check my math here.

Oh yeah. I mean if it breaks $42 it could fall like a stone to $36. Now, I’m not saying it is but if the market continues to sell off like it did Friday that potential opens up the floodgates for let’s round these numbers off $44-ish then after that if it breaks $42 then it could drop to about let’s not be as bearish. Let’s go $38 to $39.

Mark Helweg is doing a special webinar on ‘’Why this Hedge Fund Manager Tells friends to Exit Stocks’’ this Saturday at 10AM EST. I’m going to HYPERLINK you to the registration form.

Good luck. Hope it helps. See you on the next video.