When to Eat Less CAKE
The Cheesecake Factory (NASD:CAKE) popped up on Trading Ideas for Tuesday. The company recently announced weaker earnings caused by consumers eating out much less. The Cheesecake Factory (CAKE) Daily Chart with InVivo Swing Trading Tools We wrote in early June that CAKE was entering the Overt Warning to Panic phase of The Investor Sentiment Cycle. At the time, we suggested that the key lesson to watch and see if “Smart money shorts each failing bounce.” We can see from the chart that sm