1. Market Momentum
Whoops: last week I thought the sideways movement would last (and lead to a further decline).
Instead, I got an egg to the face with a breakout that very next Monday! That swings the momentum back to the bulls and while a retreat is always a possibility, the path of least resistance is upward.
2. Checking Oil Stocks
3. Bullish on Disney
I’m bullish on Walt Disney (DIS) (I also own it). Why? Its theme parks aren’t the entire business, but they’re indicative of the company’s momentum. Therefore a chart departure, with the pictures below showing wait times for midday Friday, Feb. 26. Keep in mind, school’s in session and this isn’t a holiday!
Back next week to see if the wait time for “Seven Dwarfs” is anything less than an hour!
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