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MCD trade ideas

MCD: Strong Support to Make Selling Short DifficultMCD stock is very popular with the retail trading groups. The footprint of the retail trader systems trading the stock is very obvious on this chart. The candlestick patterns are all indecisive, there are no strong easy runs in either direction, and lots of wicks and tails, which is where retail brokers are reaping huge profits. Overall, it is a very messy looking chart which makes for tough swing trading in general. Apparently some retail system has targeted MCD for selling short. But alas, it seems the system doesn’t read charts very well. The support level is strong from the 2018 sideways trading range and it will be a huge challenge to sell short into this support level. Just one fine example of why retail systems that rely on software to finds stocks to trade don’t work. They are not nearly sophisticated enough.
NYSE:MCD
by MarthaStokesCMT-TechniTrader
SICK sector rotations to defensive stocks for US stock market!I posted so much less stock ideas this quarter as generally I like to long stock that I'm willing to invest, and look for bullish set-ups. While even I'm still bullish in so many names, but there aren't so many bullish set-ups in this market. Wait a minute, defensive stocks are big exceptions and perfect choice for bottom-up strategy recently, and it's more than reasonable! KO PG MCD YUM COST and other classic defensive names like VZ, JNJ, MRK, PEP all showed great relative strength than the market! (T is the lagger though) That is, P/E ratio for tech stocks encounters huge corrections and the money come out of them just ran into these defensive stocks. U.S stock market is still the top choice as there aren't many better alternatives. While, investors tend to turn money into defensive stocks to fight for fluctuations. In conclusion, it's still far from a financial crisis and it's still not too late to look for long opportunities in this sector! Let's see how it goes!
NYSE:MCDEducation
by Trader_Joe_Lee
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