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U.S. House Prices Analysis and Trend Forecast 2019 to 2021

In The Face Of Fear Trades Strike Again, It’s all about NETFLIX — NFLX

Companies / Company Chart Analysis Dec 11, 2010 - 04:59 AM GMT

By: David_Grandey

Companies

Best Financial Markets Analysis ArticleThe “In the Face Of Fear” Trades strike again!

It’s no secret who the star attraction is so far today. It’s all about NETFLIX — NFLX

So let’s talk about it for a moment.


How many times have we talked about the face of fear trades around here?

How many times have we talked about Elliot Wave abc’s?

How many times have we talked about buy the dips of issues in clearly defined uptrends at support?

NFLX is a perfect example of all of those set ups wrapped into one stock.

Talk about symmetry. Right now it’s real simple. Trend channel support is the lower green line. Trend channel resistance is the top green line at about 210-212. A retest of the recent highs is 205 so to the upside those are places where we’ll have to deal with some issues.

For those of you who bought the December 165 Calls the clock is ticking. From the opening volley of the “In the Face Of Fear” trade trigger alert the other day this issue for you is now sporting a move from 20.95 to about 30.45 That’s a huge gain in the short term no matter who you are.

So where to from here? All we know is where the technical support and resistance levels are, actually that’s all one ever needs to know when trading stocks.

As an aside from what we understand there are 11 million shares short this issue, but that doesn’t mean they are all going to cover. And the index funds have 5 days before this issue is in the SPX. What remains to be seen is whether we’ll have an upward bias from now till then.

That also by the way is right smack dab into options expiration for December.

And right behind NFLX is ZAGG and then CIS — all of this while the indexes continue to consolidate and chew here with an upward bias. No complaints out of us and from the many we’ve heard from either as those NFLX call options have been screaming!

ZAGG

That crossover of the pink line was all you needed to know. One could say it was also the “Coming Up The Right Side Of Cup” crossover.

CIS

By David Grandey

www.allabouttrends.net

To learn more, sign up for our free newsletter and receive our free report -- "How To Outperform 90% Of Wall Street With Just $500 A Week."

David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

© 2010 Copyright  David Grandey- All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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