Hello Everyone,
MCD, the worlds largest restaurant company is struggling with sales as the company may have lost relevance with some customers and will need to strengthen it's menu. A 30 % drop in 3rd quarter earnings is contributing to a 2 dollar drop in the stock premarket.
VIX 8% BELOW 10 ma RSI 37.50 NEUTRAL
MARKET Trend: CORRECTION MODE
Put/Call ratio .59 Above 1.20 Bullish, Below .40 bearish.
U.S. existing home sales out today.
Earnings out today: VZ,KO,MCD,YHOO
Dow Futures: +48 points Oil 82.45 +.55
Have a great trading day.