For all the concern about Spanish troubles and unemployment rates, the stock market looks unconcerned and certainly not bearish... believe the chart, not the story!
Investors have a habit of trying to buy fallen leaders, and SBUX falls into that camp.
But with the stock bouncing up to the downtrendline and the moving averages weak (20D 70, it's sure not time to bottom fish! Time to take the position of the main trend, which is down in this case.
