Whilst the main market closed moderately weak, there was significant underlying strength in Disney (DIS), which settled +1.2% @ $97.85 (intra high 99.27). A break above the psy' level of $100 looks due, and from there, broader upward strength to the 110/115 zone before year end.
Q2 EPS was $1.62... a touch above concensus, around 11% above last year.
Revenue was $4.456bn, 9% above last year.
Q2 share buy backs: $1.5bn
see HERE for more details.
Short term price action is now bullish, after an initial post-earnings sell off in Tue' AH and pre-market Wed'. The $100 threshold looks due.
The giant monthly cycle has declining resistance around the $100 threshold. Any daily closes >100, will offer 110/115 within 3-5 months.