This is the monster earnings week, and the household names will be coming in fast and furious This morning, McDonald’s did their report, and the whole Eat-Quarter-Pounders-to-Lower-Your-Tax-Bills strategy isn’t working out so well. In the past twenty years, I’ve eaten there ONCE (out of desperation), and holy God in heaven it’s utter crap.
Of more interest to me is caterer to the lazy and obese, Royal Carribean, against which I own puts. This is moving the right direction as well.
Of course, the daily chart means more to me than the minute bars, and if we can get some downside going, I’m going to hang on until the boundary of the channel.
I haven’t traded crypto in years, but Bitcoin is showing some genuine strength, I imagine in anticipation of next week’s election. We could be at lifetime highs within a day or two, if not hours.
Yet my heart belongs to something a bit more physical.
