This post [3 Must-See Charts] Fast Food, Faster Gains appeared first on Daily Reckoning.
The stock market frustrated both the bulls and bears this week.
For the second day in a row, a morning rally fizzled and stocks stumbled into the close. The Nasdaq Composite was the only one of the averages that managed to close in the red on Thursday. The S&P and the Dow both finished in positive territory.
A choppy market’s no fun for most investors. But some short-term traders are at their best when stocks get volatile.
My newest trading colleague is no different. Thanks to his extensive experience on the trading floor of the Chicago Mercantile Exchange, Joshua Belanger thrives in volatile market conditions. He’s made it his mission to help market watchers like you pull fast gains out of the markets with his “Hot Money” trades.
You can sign up for Joshua’s FREE trading event by clicking here. Reserve your seat while you can and you’ll learn everything you need to know about the power of his “Hot Money Tracker” on Tuesday…
In honor of fast-paced trading strategies, we’re focusing on speed in today’s must-see charts. If there’s one thing quicker than a fast-food burger, it’s the gains you could see from Joshua’s new system.
Let’s get started:
1. No chicken? No problem.
KFC is in a bit of a pickle. The iconic fast food joint is having trouble getting ahold of its main ingredient in Britain.
That’s right — KFC has run out of chicken.
“Why didn’t the chicken cross the road?” Wired asks. “Because of a single point-of-failure in the chicken restaurant’s supply chain and lack of contingency planning, that’s why.”
Thanks to a supply chain goof, most KFC locations throughout Great Britain have remained closed over the past week. The chicken crisis continues as we approach the weekend.
Surprisingly, the restaurants closures haven’t spooked investors. At least not yet.
KFC’s parent company, Yum! Brands (NYSE:YUM), is holding tight above its recent lows despite the Great Chicken Crisis:
We can’t wait for YUM’s next earnings call this spring. It should be a doozy…
2. The pizza wars are over
We’ve watched the big chains duke it out for pizza supremacy over the past few years.
Frankly, I’m not sure why anyone would want to eat mediocre “fast food pizza” at all. But for whatever reason, we’ve found ourselves in the center of a bonafide pizza bull market. Thanks to Papa John’s (NASDAQ:PZZA) and Dominos (NYSE:DPZ), cheap pizza is thriving.
But Dominos has dominated Papa John’s recently. The charts don’t lie:
Domino’s latest earnings report sealed the deal. Thanks to another strong increase in same-store sales, DPZ streaked to new all-time highs this week. Meanwhile, the Papa is tumbling back toward its 2017 lows…
3. Searching for direction
Turning back to the S&P 500, we’re waiting to see how this week’s chop resolves. The S&P has stuck just below its 50-day moving average all week:
Futures are pointing to a green open this morning. But if today’s session is anything like we’ve seen this …read more
Source:: Daily Reckoning feed
The post [3 Must-See Charts] Fast Food, Faster Gains appeared first on Junior Mining Analyst.