Trade on the Open: MCD

BellaMike Bellafiore's (Bella's) Blogs3 Comments

We teach our desk not to fade weak stocks.  But there are plays on the Open that look like the stock is weak.  Actually they are not.  And these plays are given the green light to fade.  We had such a setup in MCD on the Open.  Let’s discuss. MCD opened near 58.33, could not hold and traded lower.  MCD … Read More