Nothing new to see here except more highs for Apple. Just another ordinary trading session.
The 50 DMA is acting as support - 530 is a spot to get long the stock if you missed your chance at 500. Yes, it stings to miss the bottom in any given investment, but missing the first few percentage points of gain is a lot better than taking a huge loss when you try to catch a falling knife.
The stellar earnings report by Apple this quarter has propelled the stock to new all time highs in the span of just a few trading sessions. What now for Apple? Can it move out of this mini range it's been in or will 120 remain a cap on the stock? I think it moves higher, but there isn't a crazy amount of upside in the short term.
McDonald's stock has rallied since the CEO took an early retirement (was forced out some say) - Is this rally for real?
From a technical picture, the stock needs to get above 95 to break above its 200 day moving average. Until that time, the stock is still in bearish control. From a fundamental standpoint - there are many factors contributing to recent McDonald's struggles, more than can be fixed by changing the CEO. Fundamental changes need to happen for MCD to regain relevance in the national conversation. I wouldn't be a buyer at these levels. HOLD. The time to buy was around 90. It's not a terrible mistake buying in a 94, but the stock isn't on sale any longer. |