Whilst the main market was broadly weak, there was notable relative strength in Disney (DIS) across the day, settling +1.5% @ $110.93. Near term outlook offers further upside to at least the $115s. The Aug'2015 high of $119.51 is a valid target in February.. as earnings are still due.
Suffice to add.. DIS really was one of the standout stocks today.
Seen on the giant monthly cycle, underlying MACD (green bar histogram) is set to turn positive at the Wed' Feb'1st open. By definition... the upper bollinger in the $115s remains a very realistic near term target.
More broadly, new historic highs look due. For those seeking sp'2500s this summer/year... DIS is going to need to be in the $130s.
*earnings due Feb'7th in AH.