Thursday, 20 August 2015

DIS - horror in Disneyland

Whilst the broader market was whacked lower by around -2%, there was particular horror in Disney (DIS) which settled -6.0% @ $100.06 (intra low 99.76). Next support is the gap zone of 98/93. Increasingly, a brief foray into the 80s looks viable by late September.




*along with AAPL and INTC, DIS is one of my key individual indicators of the broader market.

Suffice to add... DIS has now fallen from the $122s at earnings to sub $100.... pretty incredible, and even faster than I had been expecting.