As expected, yesterdays FED meeting advised us nothing that we didn't already expect. Rates are unchanged and stimulus still pouring in. That being said, unless we see the 2nd wave of the virus or any other unprecedented events that 2020 keeps hurling at us, I would expect the market to continue to recover. Most stocks are completely oversold on the RSI so a pullback is expected around the market.
Checking in with Disney:
Disney is planning on reopening several parks, resorts, properties all in phases. The 2nd week of July seems to have the majority of all their parks open including Disneyland, CA and Disneyworld in Orlando, FL.
TA:
We just got a bounce on the 200 MA for Disney at $122, if this holds support, we're looking at our target of $137. A break below is this and we're watching levels of $116 followed by $107.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Checking in with Disney:
Disney is planning on reopening several parks, resorts, properties all in phases. The 2nd week of July seems to have the majority of all their parks open including Disneyland, CA and Disneyworld in Orlando, FL.
TA:
We just got a bounce on the 200 MA for Disney at $122, if this holds support, we're looking at our target of $137. A break below is this and we're watching levels of $116 followed by $107.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
Comment:
Tread carefully here. At the moment DIS broke down out of the wedge, then shot up and met the bottom of the wedge as resistance. If doesn't break back inside the wedge we could see some more downside to $107-$99 range.