#$mcd

[dragonflycap]

4 Trade Ideas for McDonald's: Bonus Idea

McDonald’s, $MCD, has been bucking the market trend, holding near all-time highs, in my opinion, due mostly to those fries. The stock price comes into the week pressing down against support though after a long red candle Friday and at the 50 day SMA. This is a fall out of the Bollinger Bands® which are opening lower. The RSI is falling to the bottom of the bullish zone with the MACD dropping but still positive.

There is support lower at 266 and 263 then 260 and 258 before 253.50 and 252 then 249. Resistance higher sits at 269.50 and 275.50 then 278.50 and 281.50. Short interest is low under 1%. The stock pays a dividend with an annual yield of 2.28% and has traded ex-dividend since November 30th. The company is expected to report earnings next on January 25, 2023.

The December 30 Expiry options chain show biggest open interest at the 260 and 250 strikes on the put side. On the call side it is biggest at 280, 285 and 290. The January chain has big open interest every 10 points starting at 270 going to 240 on the put side and from 260 to 290 on the call side. The January 27 chain is just getting started, but the February chain has biggest open interest at 260 and 250 on the put side, while at 280 and 300 on the call side.

McDonald’s, Ticker: $MCD

Trade Idea 1: Sell the stock short on a move under 266 with a stop at 270.

Trade Idea 2: Sell the stock short on a move under 266 and add a December 30 Expiry 270/275 Call Spread ($1.65) while selling the January 250 Put ($1.24).

Trade Idea 3: Buy the December 30 Expiry 265/255 Put Spread ($2.47).

Trade Idea 4: Buy the January 13 Expiry 265/December 30 Expiry 255-January 13 Expiry 255 1×2 Put Spread ($2.60).

If you like what you see sign up for more ideas and deeper analysis here Get Premium with special holiday discounts.  

After reviewing over 1,000 charts, I have found some good setups for the week. This week’s list contains the first five below to get you started early. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the last FOMC meeting and Quad Witching done for the year, equity markets have resumed their moves lower.

Elsewhere look for Gold to consolidate in the uptrend while Crude Oil moves lower. The US Dollar Index continues the trend lower while US Treasuries stall in their short term uptrend. The Shanghai Composite looks to continue the short term uptrend while Emerging Markets consolidate in their short term move higher.

The Volatility Index looks to remain in the normal range making the path easier for equity markets to the upside. It also makes the Indexes more vulnerable to news based moves like we saw this week following the CPI report and FOMC meeting. Their charts showing that weakness from the short term view leaking into the longer term view now and the weekly pictures also roll over. On the shorter timeframe both the QQQ and IWM look vulnerable to a retest of the October low. The SPY looks slightly better, but only because it has further to go to retest it. Use this information as you prepare for the coming week and trad’em well.

[davidnelsoncfa]

MCD vs META - Bad things happen when shareholders don't have a voice

$MCD vs $META - Bad things happen when shareholders don't have a voice. Last week joining @MariaBartiromo and Strategic Wealth Partners CEO @MarkTepperSWP Thanks so much for having me on

David joins Fox Business anchor Maria Bartiromo and Strategic Wealth Partners CEO Mark Tepper to weigh in on MCD and META earnings.

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[fivestocksthat]

Analysts’ forecasts for 5 top fast food stocks

What do Wall Street analysts think about top fast food stocks? We use analyst target price estimates and ratings to get a view of the Street's opinions on MCD, YUM, CMG, QSR & WEN.

[dragonflycap]

4 Trade Ideas for McDonald's: Bonus Idea

McDonald's, $MCD, made a high in October and the pulled back to the 100% retracement of the pandemic drop later that month. It held there in consolidation for over 4 months before rising off the 200 day SMA in March. It continued to a higher high at the start of May and then settled in a range around the October high. It broke the range to the upside late in July but could not hold and fell back. This resulted in a higher low though and it has reversed to the upside again.

It ended last week at resistance with the RSI rising in the bullish zone and the MACD positive and turning back higher. There is resistance at 239 and 242 then 244 and 246.50. Support lower comes at 233.50 and 229.50 before 228 and 224. Short interest is low under 1%. The stock pays a dividend with an annual yield of 2.16% and will start trading ex-dividend on August 31st. The company is expected to report earnings next on November 8th.

The August options chain shows the open interest focused at 235 and 232.50 on the put side, but at 240 and then 250 on the call side. In the September chain it is spread from 230 to 200 on the put side and biggest at 240 and 250 on the call side with size at 210 as well. The October options are focused from 220 to 240 on the put side but small, and from 230 to 260 on the call side. Finally, the December chain is the first to cover the earnings report and shows the biggest open interest at the 230 then 220 put strikes. The December 240 are the biggest open interest on the call side.

McDonald's, Ticker: $MCD

Trade Idea 1: Buy the stock on a move over 239 with a stop at 235.

Trade Idea 2: Buy the stock on a move over 239 and add a September 230 Put ($1.89) while selling an October 250 Call ($1.79).

Trade Idea 3: Buy the September/December 250 Call Calendar ($3.85) and sell the October 220 Put ($1.65).

Trade Idea 4: Buy the December 220/250 bull Risk Reversal for 25 cents.

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which noted equity markets were a mixed bag this week as the market moved into the low volume dog days of August.

Elsewhere look for Gold to continue its bounce in the pullback while Crude Oil consolidates in a tight range. The US Dollar Index continues to consolidate after the move to the upside while US Treasuries may be resuming their uptrend. The Shanghai Composite looks to consolidate while Emerging Markets continue to pullback toward long term support.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. The charts of the SPY and the QQQ both look great on the longer timeframe with the SPY also looking good for more highs in the short run. The QQQ looks to continue to pause and digest at its highs. The IWM continues to look like the party pooper, stuck in a long flat consolidation that is nearing 8 months long without any change in sight. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

4 Trade Ideas for McDonalds: Bonus Idea

McDonalds, $MCD, made a top in October shortly after retracing the full pandemic drop. It pulled back under the prior high and consolidated there nearly 5 months before another push higher. That move stalled at the start of May and it has held in consolidation there since. The move to the top of consolidation Friday comes with the squeezed Bollinger Bands® opening. 

The RSI is rising into the bullish zone with the MACD level and positive after a pullback. There is support lower at 230.70 and 228 then 223.50 and 220 before 218.40. There is no resistance above 238. Short interest is low under 1%. The stock pays a dividend with a 2.18% annual yield, and it has been trading ex-dividend since May 28th. The company is expected to report earnings next on July 26. 

The June options chain shows biggest open interest at the 230 and 220 strikes on the put side and larger at 230 and 240 then enormous at 250 on the call side. The July options show open interest focused from 210 to 230 on the put side and again much bigger and focused from 230 to 250 on the call side. The July 30 Expiry options are the first chain to cover the earnings report but have just started trading so they offer little information. The August chain shows open interest spread from 200 to 230 on the put side and from 230 to 260 on the call side.

McDonalds, Ticker: $MCD

Trade Idea 1: Buy the stock on a move over 238 with a stop at 233.

Trade Idea 2: Buy the stock on a move over 238 and add a July 230/220 Put ($1.19) while selling the August 260 Call ($0.83).

Trade Idea 3: Buy the July/August 250 Call Calendar ($1.80) and sell the July 220 Put(60 cents).

Trade Idea 4: Buy the August 220/240/250 Call Spread Risk Reversal ($1.40).

f you like what you see sign up for more ideas and deeper analysis using this Get Premium link.  

After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the June options expiration week, saw equity markets revving their engines and heating up as they drift around all-time highs.

Elsewhere look for Gold to consolidate around 1900 while Crude Oil breaks higher. The US Dollar Index remains consolidating from the downtrend while US Treasuries started a nascent move to the upside. The Shanghai Composite looks to continue to consolidate the break higher while Emerging Markets stick in broad consolidation over the long term range.

The Volatility Index looks to remain very low making the path easier for equity markets to the upside. Their charts also look strong, especially on the longer timeframe with the SPY leading the way. On the shorter timeframe all 3 are breaking higher, with the SPY at all-time highs. The QQQ is trending higher and less than $1 from its high while the IWM breaks a long consolidation pattern less than $3 from its high. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: American Express, McDonald’s, Northern Trust, Union Pacific and Vulcan Materials

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

American Express, Ticker: $AXP

American Express, $AXP, found support in March and then chopped around for 2 months. it started higher in late May but stalled at the 200 day SMA and pulled back. It has been consolidating at a higher low since. Friday it broke higher. The RSI is rising into the bullish zone and the MACD lifting and positive. Look for continuation to participate…..

McDonald’s, Ticker: $MCD

McDonald’s, $MCD, started higher off of a March low and paused at the end of April. After a minor pullback it started higher again, reaching resistance as it passed the 200 day SMA. It touched that resistance again in July and broke through to end last week. The RSI is rising and bullish with the MACD moving higher. Look for continuation to participate…..

Northern Trust, Ticker: $NTRS

Northern Trust, $NTRS, bottomed in March and started higher again. It paused in April and fell back to a higher low in May. Another leg up made a higher high and then it fell back to a higher low again in July. Now it is at short term resistance with the RSI rising into the bullish zone and the MACD moving up and positive. Look for a push over resistance to participate…..

Union Pacific, Ticker: $UNP

Union Pacific, $UNP, fell hard and fast to a bottom in March before a strong bounce. After reaching the 20 day SMA it started to chop higher and reached a top in June. A pullback to a higher low at the 200 day SMA held as support and it has been there since. It ended last week rising to resistance with the RSI moving up in the bullish zone and the MACD crossing up and positive. Look for a push over resistance to participate…..

Vulcan Materials, Ticker: $VMC

Vulcan Materials, $VMC, bounced off of a low in March to a lower high in April. It pulled back from there to a higher low though and then continued to move higher to resistance at the 200 day SMA in June. It has consolidated under resistance since until breaking higher Friday. The RSI rising in the bullish zone with the MACD crossed and rising. Look for continuation to participate…..

If you like what you see sign up for more ideas and deeper analysis using this Get Premium link.  

After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with the first week of August in the books, saw the dog days of summer were nowhere to be found. Instead equities are finding renewed strength as they moved higher.

Elsewhere look for Gold to continue higher while Crude Oil consolidates in a slow drift up. The US Dollar Index looks to consolidate the move lower while US Treasuries pause in their uptrend. The Shanghai Composite looks to continue the short term move higher while Emerging Markets continue to consolidate.

The Volatility Index looks to continue to drift lower making the path easier for equity markets to the upside. Their charts look strong, especially on the longer timeframe. On the shorter timeframe both the IWM and SPY also look strong and ready for more upside. The QQQ, with profit taking, may see some rotation out into the other 2 ETF’s. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

5 Trade Ideas for Monday: ADP, Arconic, Colgate, McDonald’s and Morgan Stanley

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

ADP, Ticker: $ADP

ADP, $ADP, ran to a bottom on Christmas Eve, like most of the market. From there the stock started higher, slowly at first, until it crossed its 200 day SMA at the end of January. It accelerated from there and kept going to a new all-time high in February. It went through a digestive pullback at the start of March and is now moving to new highs again. The RSI is bullish and rising with the MACD about to cross up. Look for continuation to participate…..

Arconic, Ticker: $ARNC

Arconic, $ARNC, started moving lower from a bounce in October. It made a bottom in December and then retested it in January. The move higher since January has met resistance and the stock has been consolidating under it for 6 weeks, making higher lows. The RSI is drifting higher toward the bullish zone with the MACD crossed up and positive. Look for a push over resistance to participate…..

Colgate-Palmolive, Ticker: $CL

Colgate-Palmolive, $CL, started moving lower in September, finding support at the end of October. It reversed to a lower high into December before falling back and retesting the October low. Since then it has moved higher, confirming a double bottom in February and then to a higher high. It pulled back to retest the December top and has revered again to run back to the prior high. The RSI is rising in the bullish zone with the MACD about to cross up. Look for a new high to participate…..

McDonald’s, Ticker: $MCD

McDonald’s, $MCD, made a bottom in August and then moved higher. The run stopped in November and pulled back to the 50 day SMA. Since then it has made a series of higher lows and lower highs as it consolidates. Short term, it is coming into the week at resistance with the RSI rising in the bullish zone and the MACD crossing up and positive. Look for a push over resistance to participate…..

Morgan Stanley, Ticker: $MS

Morgan Stanley, $MS, moved steadily lower from a top in March last year. It accelerated and found a bottom in late December. Since then it has pushed up into mid-January and entered into consolidation. Last week ended with the price pushing to the top of the consolidation range and a nearly 2 month high. The RSI is rising into the bullish zone with the MACD lifting off of the zero line. Look for a break over resistance to participate…..

After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which as the market moved through March Options Expiration saw the equity markets had shifted gears into consolidation, with the exception of the QQQ.

Elsewhere look for Gold to continue to pullback in its uptrend while Crude Oil moves higher. The US Dollar Index looks to move lower in broad consolidation while US Treasuries stall under resistance. The Shanghai Composite and Emerging Markets are back in consolidation mode, moving sideways.

Volatility looks to sit at very low levels, giving support to equities to continue higher. Their charts show the SPY and IWM taking a pause in the shorter timeframe while the QQQ continues to blast higher. On the longer timeframe all 3 have recovered from their 1 week pullback and continue to show strong uptrends. Use this information as you prepare for the coming week and trad’em well.

[dragonflycap]

4 Trade Ideas for McDonald's: Bonus Idea

McDonald’s, $MCD, moved up out of consolidation in August, stalling at a new all-time high in November. It pulled back quickly from there, finding support as it closed a gap from October, and over its 200 day SMA. Since then it has been moving higher. It paused as it retraced 61.8% of the drop and consolidated. At the end of last week it started higher again. A Measured Move would give a target to 187.50 or 192.50.

The RSI is on the edge of a move into the bullish zone with the MACD rising and positive, supporting more upside. The Bollinger Bands® are also opening to the upside. There is resistance at 187 and 188.75 then 190.88. Support lower comes at 182.25 and 179.25 then 177.60 and 174.75. Short interest is low under 1%. The stock pays a dividend with a 2.54% yield and went ex-dividend on November 30th. The company is expected to report earnings next on January 30th before the market opens.

The January 25 Expiry options chain shows the bulk of open interest on the put side and from 175 to 180, with the call side focused from 180 to 185. The February 1 Expiry, covering the earnings report, shows an expected $7 move by expiry. Open interest is biggest at the 195 call then the 182.50 call, with lower amounts on the put side. The February monthly options show the biggest open interest on the put side at 165 then 170 and 175. The call side is biggest at 190 then 195 and 200.

McDonald’s, Ticker: $MCD

Trade Idea 1: Buy the stock now (over 182.50) with a stop at 180.

Trade Idea 2: Buy the stock now (over 182.50) and add a February 1 Expiry 180/175 Put Spread ($1.40). Sell the February monthly 195 Call (47 cents) to lower the cost.

Trade Idea 3: Buy the February 1 Expiry 175/185 bullish Risk Reversal ($1.40).

Trade Idea 4: Buy the February 1 Expiry/February 190 Call Calendar (60 cents).

After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which with January Options Expiration behind and a long weekend ahead sees equity markets continuing to recover and looking strong.

Elsewhere look for Gold to pause in its uptrend while Crude Oil resumes the move higher. The US Dollar Index is showing short term strength while US Treasuries are biased to continue lower. The Shanghai Composite is also exhibiting short term strength and may be reversing higher while Emerging Markets continue to move up.

Volatility is back down to the lows since equities started to drop in October making the path higher the easier one for equities. The equity index ETF’s SPY, IWM and QQQ, are all responding well in both the short and intermediate term charts. But they all remain short of confirming reversals with a higher high and below their 200 day SMA’s. More work to be done. Use this information as you prepare for the coming week and trad’em well.