Disney ($DIS) has shown signs of recovery, moving back over its 50-day moving average with a small gap up today. The next level to watch is 92.60. Additionally, Disney has seen an early monthly value high breakout and hedged back on at 92 vs Jan 90Cs with 4.6 days of insurance into the FED meeting. Meanwhile, the energy sector, represented by $XLE, has experienced excessive outflows, suggesting a contrarian environment. Crude oil had a brief bounce but was rejected at the 8-day moving average. ExxonMobil ($XOM) held its June low and bounced, but also faced resistance at the 8-day moving average.