Titans Tumbling:
The big consumer heavyweights have been weighing on the overall group recently. One could see on the chart below none of these names, are above their summer highs. One could make the case that many of these are bottoming on their respective charts, as SBUX is finding some comfort at its rising 200 day SMA. AMZN has been trading between the very round 1700-1800 figures the last couple months, and seems to being pulled magnetically toward its own 200 day SMA, and a jump above that secular line would of course be a big positive. MCD I would stay away from as this name has made very little attempt to travel toward its 200 day, just the opposite of what its spin off CMG did just 2 weeks ago bouncing firmly off that line and has risen almost 100 handles since. HD, always seen as a superior name to its chief peer LOW, may be having the tables turned on it. It is finding some support here near a prior double bottom breakout pivot of 218.69 taken out on 8/21, but LOW looks much stronger currently. Curiously LOW rose 3.9% on 11/20 after its latest earnings reaction, while HD fell 5.4% the day before.