Why I'm Bullish on Disney

1. Market Momentum

chartman 02262016 dj

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

chartman 02262016 cop

Is it time to FINALLY like oil stocks? Hope so, as I recently bought some Exxon Mobil (NYSE:XOM). ConocoPhillips (NYSE:COP) is also worth looking at.

3. Bullish on Disney

I’m bullish on Walt Disney (NYSE: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!