Thursday 16 April 2015

2pm update - meanwhile... over in Disneyland

Whilst the US equity market continues in micro churn mode, there is a notable collection of maniacs at some movie conference. Disney (DIS) look set to release a truck load of Star Wars movies in the years ahead... with the stock itself one of the hyper Dow leaders... breaking new historic highs.. this very hour.




DIS,monthly


Summary

A truly incredible ramp from the Oct'2011 low of the $26s... to a new historic high.. just now of $108. Indeed, the broader trend has accelerated in recent months.

*DIS earnings due in a few weeks... should be able to claw and hold the 110/115 zone.

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As for the Star Wars live conference (it will last hours)...

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back at 3pm