adding MKC as an active short trade here as it is breaking down from this ascending channel. there is some support at the 59.50 area to contend with but i believe this trade has a good shot of hitting T1 over time if that support level is taken out. MKC is a relatively low-beta play so typically i will overweight my position size somewhat in a trade like this. T1 is my preferred target, stops slightly above the 63 level.
