Friday 27 November 2015

11am update - problems in Disneyland

Whilst the main indexes are trading (naturally) muted.. there is very significant weakness in Disney (DIS), -3.6% in the $114s. Next support is the 113/112 zone. Sustained price action under the 200dma (109s) looks completely out of range... not least as Star Wars hysteria continues to grow.


DIS, daily


Summary

*note how DIS got stuck at the upper end of the price gap zone, from the earnings snap in early August. Kooky how that often happens, right?
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The ESPN data sure wasn't pretty, but that is a small part of Disney, and I'd expect new historic highs.. whether late Dec', or early January.

I'll consider going long DIS next Monday.
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Oil remains weak... but holding the key $40 threshold...

USO, daily2



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Meanwhile... here in London city...


This is as close to sunshine as it came today.

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time for an early lunch