Trade Idea #41 - $DIS - Short into FOMC and Earnings Short

NYSE:DIS240

Walt Disney Company (The)NYSE

Description

⋅ Oct 27, 2015 7:31 PM

Yes Yes I know, Star Wars, but that's next quarter. Trade activated as indicated.

Reasons

1D Overbought and Turning over
Dynamic support Testing
FOMC might scare the market.
Earnings upcoming could add extra banga.

Good Luck and Keep it Tight

Trade closed: stop reached

⋅ Nov 20, 2015 9:27 PM

Comment

⋅ Dec 9, 2015 2:41 AM

*sighs*

Comment

⋅ Jan 15, 2016 9:25 PM

What a shame. Popped by 2$ and now original target hit.

Comments

ChartArt

⋅ Nov 20, 2015 9:47 PM

Good luck with this short. I was super bearish this week, until I noticed the stock market is completely bullish delusional right now, neglecting any downside risk. Which had been growing and growing and growing. But even the Paris attack didn't bother the market (the armies of trading robots) at all.

Alekznder

⋅ Nov 20, 2015 10:58 PM

Yeah bad 4.5% loss here. Just another blip in bull markets.