I would want more negativity before doing an "investor" buy.
I would actually short the top of MCD range's unless SPY breaks out at 213. Perhaps, MCD is leading. Not Sure. I am only sure until I get my order filled. Sure or Wrong.
Looks like CCE is doing a roll-up strategy to take advantage of the strong dollar. Market likes it a lot. Other multinationals could follow suit with buybacks becoming becoming unpopular. Could be fuel for a break past the upper resistance.
Not really bullish. Just worried about shorting the range play.