Markets – Macro – Technicals

What does $DIS know?

$DIS the stock is seeing some sudden weakness over the past few days. What’s behind it? I don’t know, but looking at the history of the stock over the past few years one can’t help wonder if $DIS knows something that the market doesn’t. I know it sounds silly, but recent sudden $DIS declines seem to presage a larger market decline.

But don’t take my word for it have a look at the chart below. And note sometimes $SPX even goes higher first before the decline occurs.

Maybe it’s nothing, but we’ll find out soon enough.

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1 Response »

  1. Maybe all of those ESPN layoffs were a sign of things to come.

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