NYC....been looking at the daily charts, and the big boys are walking. MCD was spiked pre-market $1.12/sh on nothing volume. Then, was dumped at high volume, then squeezed up a little towards the close and dumped in the final minutes to drag it down again.
The big boys are spiking at low-volume and distributing at high-volume.
I am dumping all long tomorrow and probably buy puts on CAT which looks like it's put in a blow-off top of sorts.
In addition, the DAX is now at it's May and June highs and it put in a "hammer with a long wick" today, which is a precursor to a fall.