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.

All content is provided as information only and should not be taken as investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. For further details please refer to the disclaimer.


Tagged as: , ,

1 Response »

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

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The material on this website is provided for informational purposes only, as of the date hereof, and is subject to change without notice and does not constitute investment advice.
Home | About | Disclaimer | Contact
Copyright © 2013-2017 NorthmanTrader
The materials on this website may not be suitable for all investors and are not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.