Disney: Another Example of How Extreme Sentiment is Usually Wrong
- Our bullish call on Disney (DIS) from a few weeks ago is working out extremely well. It shows how we always want to look “beyond the fundamentals” to find good turnaround stories at key junctures.
- WTI crude oil has bounced off its 200-week moving average again. It still needs to see a meaningful breakout for our bullish stance on the energy stocks to playout, but it’s great to know we have a very solid “stop out” level to keep an eye on.
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