First up is Disney ( DIS), a name that's churned out some stellar performance year-to-date: Since the calendar flipped over to January, shares of Disney are up close to 30%. And now the technical setup in shares of this $114 billion entertainment giant points to even higher ground in the second half of 2013. >>5 Earnings Stocks Everyone Hates -- but You Should Love Disney is forming an ascending triangle, a bullish pattern formed by a horizontal resistance level to the upside at $67 and uptrending support to the downside. Basically, as DIS bounces in between those two technical levels, it's getting squeezed closer and closer to a breakout above resistance. When that breakout happens, it's time to be a buyer. The 50-day moving average has been acting as a reasonable (if conservative) proxy for support over the course of the setup. It's a good place for a protective stop.
Steve Ricchiuto, MZUHO Securities chief economist, and Bob Michele asset management global CIO with JP Morgan (JPM), joined BloomberTV's 'Bloomberg GO' to discuss the economy and the Fed raising rates.