Netflix Delivers
It seems very appropriate to
put up the following quote, after some of the ‘zulu’ volatility that many
individual issues are experiencing, within the market’s ‘confirmed rally.’
11:41:12
Quote Of The Day
Don Worden from TC2000 wrote yesterday,
‘We are awash in flyers and plungers.’ In
my humble opinion, that about sums the market up quite appropriately…but what makes it really appropriate was the
fact that today witnessed at least one more recent Wall Street stock du jour,
‘correcting’–to put it mildly.
09:59:54
Intraday Setup Alert
Netflix (NFLX)
has formed an extended intraday double bottom. The stock broke thru its
20-Day EMA yesterday, and today’s action has been contained by this technical
resistance level. Potential shorts, on a resumption of trend might be considered
below the pattern lows, and the psychological ’50’ level. NFLX is up .07 at
50.90.
10:50:10
Intraday Update
Netflix (NFLX)
has formed an intraday consolidation after the usual ‘%#$ and giggles.’ This
action might be used for short entries below pattern supports of 50.65 (recent
5-minute low -.10). NFLX is up .13 at 50.98.
11:57:26
Intraday Update
Netflix (NFLX)
has done incredibly well for pattern short players. Since our second alert
the issue dropped over 3 points, but the most recent action now has the stock in
an awareness zone of support. Between 44.65 – 46.65 is a zone comprised of 4
levels of daily chart support. NFLX is down over 4 points at 46.79.
After this action, surely some investors are
going to go home tonight and just wanna ‘kick back and watch a good ol’
fashioned video.’