Morning Notes- McDonald's profit drops 30% on U.S. and China woes!

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.

Posted to Stock & Option Scout on Oct 21, 2014 — 8:10 AM

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