A Little Too Much Attitude at Disney

Earnings are next week for Disney, and judging by the updated weekly chart, below, they will need a strong bounce-back quarter to reassert themselves as a market leader.

Along with NKE and SBUX, DIS has been lackluster of late, at best, seemingly replaced by faster growing and more exciting medical device and software plays as leaders. 

Of course, Disney is a large firm and we cannot expect the same growth here as, say, Zendesk. 

But with Zika Virus all over the news in Florida, park ticket prices very high for families, increased competition and political influence turning off viewers on ESPN, Disney may have been a victim of its own success, falling victim to arrogance or what Pat Riley would call, "the disease of me."

We have been in and out of DIS as a short for Members in recent months. I would be looking for a new short entry (if only as a hedge versus existing longs) after earning, barring a monstrous quarter which the market likes. 

Also note the strength in RGR SWHC strength today, improved chart, with RGR earnings tomorrow.