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MCD

Keith - MCD a tough one here ... but 2 up days in down tapes = + divergence... I am scared to short it until I see my $58-59

Howard – The top line trends for MCD are some of the best in all of consumer. The universal love for the stock is scary. Plus, don’t forget about the franchisee, they are the ones absorbing the losses from selling all that cheap food.

EAT

Keith - EAT has been eaten by the shorts ... way oversold, finally... a buy for a "Trade" under 8.30

Howard – My guess is there are a lot of names like this in casual dining – OVERSOLD TECHNICALLY. I have a hard time understanding the catalyst to buy any name. Here is an interesting tidbit - of all the casual dining chains that are covered in Knapp Track, Chili’s was the second best performing chain (after the Olive Garden) in October. For a pair trade I would be long EAT and short DIN in this market.