The charts have definitely turned weak, making new lows for the move down from an early September zenith.
A shaky housing market is tempering Wall Street optimism on the retail giant.
The home improvement giant could surprise on the upside, but the bigger risk is if Home Depot closes below the April and October lows.
U.S.-focused tobacco stocks tumbled Monday following a Wall Street Journal report that suggested the Food & Drug Administration is prepared to ban the sale of menthol cigarettes alongside a crackdown on teenage vaping.
Companies are adjusting their supply lines, but both the U.S. and Chinese administrations are feeling the heat.
Global oil prices spiked higher Monday after Saudi Arabia said it would trim exports by around half a million barrels a day next month in order to address the market's steep October declines while a meeting of OPEC's monitoring committee hinted a extending production cuts into next year.
The euro fell to the lowest level in more than sixteen months Monday as investors continue to bet against the region's growth prospects amid a budget standoff between Italy's populist government and European Union officials and the increasing threat of a so-called Hard Brexit from the bloc by the United Kingdom next year.
Watching whether big-picture negatives will kill some promising technical developments and positive seasonality.