Our once a week look at Sector Trend and Intermarket Analysis is showing up a winding in the rally's breadth. You will see that SPY is now being led by the usual suspects, in addition to the consumer joining the party, in the form of Staples and Discretionary. You will also notice that the Spy is now leading on the top of our Intermarket Analysis, with UUP and TLT losing some relative strength. See all of our Market Conditions Analysis HERE.
We are adding DIS to our long portfolio. Having just thrown a Rel. Strength Breakout, good money-flow, a VERY BULLISH PG rating and a rising overbought / oversold oscillator. Experts like the stock and there is decent insider activity. Financial look "ok", would like to see a little better Price to Sales, but all things considered we think DIS has some room to run. We will manage our stops very religiously, as we always do. You can track our current portfolio and see our past results : HERE. Keep us accountable!
Happy Trading.
Happy Trading.
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