Will test old near term lows b4 testing high. Long term solid. If day trading or options..plan on day trades perhaps..IMHO Earning was only near term to propel further gains and they did not disappoint but did not surprise to the up..flat.
Disagree. IMF War chest rallies the market this week now. Profit takers will reenter MCD and AAPL. YUM running away is a good thing if it holds its level, they trade well as a pair, and MCD is low in an oscillating channel pattern. Analysts are bullish on this, media is pushing it, everyone from Motley Fool to Seeking Alpha, to googlefinance has given it positive coverage over the weekend, and it is low in a non-directional 3 month pattern with a bullish sentiment behind it and a sweet dividend, so growth and income built into this. At a seasonal low after a nice earnings report and the sector running away, and you think it is going down? Too cautious. You would do better over the weekend on this undervalued large cap than you could do all year at your bank. Its real value should be $104 based on increased profit and forward.