DIS Walt Disney Co Earnings Report | ROKU Gets Rocked

DIS Stock Chart Before Earnings 11-7-19

DIS Stock Chart Before Earnings 11-7-19

Disney Earnings Due As This Streaming Beta Launch Stat Lifts Full Debut Hopes

Walt Disney (DIS) reports fiscal Q4 results late Thursday, but Disney earnings may matter less than insights into Netflix (NFLX) and Amazon (AMZN) Video streaming rival Disney+. Disney stock is working on a buy point.

investors.com/disney-earnings-11-7-19

Dow futures jump 100 points after China says it has agreed with the US to remove existing tariffs

U.S. stock index futures turned sharply higher Thursday morning, after China said the world’s two largest economies had agreed to remove existing trade tariffs.

Around 5:50 a.m. ET, Dow futures implied a positive open of about 140 points. Futures on the S&P and Nasdaq were both higher.

cnbc.com/china-trade-deal-hopes

Roku shares slump 15% on widening loss

Roku Inc. shares were creamed 15% in after-hours trading Wednesday after it reported a third-quarter loss nearly triple that of a year ago.

marketwatch.com/roku-stock-rocked

How $3.4 Trillion in Sideline Cash will Boost Markets

The U.S. stock market already is up sharply in 2019, with the S&P 500 Index rising by nearly 23%.

Yet it has the potential to advance even higher if growing optimism about a trade deal and the economy prompts cautious investors to shift part of their massive $3.4 trillion cash hoard into equities.

investopedia.com/sideline-cash-will-boost-markets

uber tech stock chart 11-7-19

uber tech stock chart 11-7-19

When Institutions Signal to Buy

Two of the main signals I teach are FUEL an EXHAUSTION. Fuel starts a new move, exhaustion ends the current move.

The best charts of exhaustion also have fast, violent price action, but can also happen after long sustained moves.

This chart of UBER clearly shows exhaustion. Large buyers have stepped in and started to gobble up shares.

The key word here is started. The smart money does not go "all in." They work orders.

Keep and eye on this for a bottom and make note of the exhaustion pattern. We are likely to see quite a few of them as the stock market over reacts at all-time highs.

You can read more about these ideas in this article.

Pete

Pete Renzulli
 

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