Friday, January 22, 2016

[MCD] update

Model from the backlink is below.




Current update is below.  Top model is for an owl to occur meaning declining double top.  Note how the DJIA has tanked but this POS has held its ground.  This will not last folks.  This will get sold in order to raise cash in order to buy the other stuff up at lower prices.  This is otherwise known as portfolio rebalancing.  Again another way in which the fundamentals about the company are not controlling the share price. I'll be laying deeply into the Jan 2017 $80 puts into today's close because the model strongly suggests that no matter what Mickey D reports for earnings, the herd is going to find a reason to not like it and earnings are this coming Monday before the open...

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