Netflix (NFLX)

Only one trade so far, and I took it in Pfizer (PFE). But I am looking at a few others that are very intriguing – Netflix (NFLX) is one of them, with it currently testing the 50-day moving average, it could see a sizable bounce. Here’s the chart analysis and setup on PFE.

Current Long Positions (stop-losses in parentheses): BGCP (8.69), NFLX (205.35), SRZ (8.73), TSL (28.55) Current Short Positions (stop-losses in parentheses): None BIAS: 100% Cash Economic Reports Due Out (Times are EST): Personal Income and Outlays (8:30am), Chicago PMI (9:45am), Pending  Home Sales Index (10am), Farm Prices (3pm) My Observations and What to Expect:

Busy morning for me so far. Sold SRZ for a nice 8% gain, while cutting short a couple of trades – Trina Solar (TSL) which is feeling the weight of a bad report from FSLR, while NFLX just refuses to bounce with the rest of the market. Strong up-days like what we are

Current Long Positions (stop-losses in parentheses): BGCP (8.69), NFLX (205.35), SRZ (8.73), TSL (28.55) Current Short Positions (stop-losses in parentheses): None BIAS: 25% Long Economic Reports Due Out (Times are EST): GDP (8:30am), Consumer Sentiment (9:55am) My Observations and What to Expect: Futures are up very strong ahead of the market open.  Asian

Every year millions of people are making New Years resolutions and most of them are not even kept beyond the first week. For traders, resolutions are very important, or at least the establishing of new goals and expectations of one’s self in lieu of the trading year ahead This vastly important to the improvement and

Current Long Positions (stop-losses in parentheses): VMW (84.50), APOG (12.18), BIDU (105.80), ESV (48.75), CX (9.56), NFLX (179.67) Current Short Positions (stop-losses in parentheses): DTV (40.50) BIAS: 21% Long Economic Reports Due Out (Times are EST): International Trade (8:30am), Import and Export Prices (8:30am), Consumer Sentiment (9:55am), Treasury Budget (2pm) My Observations

Current Long Positions (stop-losses in parentheses): VMW (84.50), APOG (12.18), BIDU (105.80), ESV (48.75), CX (9.56), NFLX (179.67) Current Short Positions (stop-losses in parentheses): DTV (40.50) BIAS: 36% Long Economic Reports Due Out (Times are EST): Jobless Claims (8:30am), Wholesale Trade (10am), EIA Natural Gas Report (10:30am) My Observations and What to

I’ve seen a lot of these high-flying stocks, like NFLX, and others sell-off hard due to rumors about a CEO (i.e. Steve Jobs and Apple) or a resignation by another corporate executive (like what we have today with NFLX), only to see the stock quickly rebound within a few days or even the same

Current Long Positions (stop-losses in parentheses): TICC (10.28), NFLX (172.58), MCD (77.74), BIDU (111.99), SPY (119.90), CTXS (64.13), MENT (11.08), MON (61.20), GS (160.40), HRS (44.99), HTZ (11.78), KR (22.36) Current Short Positions (stop-losses in parentheses): None BIAS: 73% Long Economic Reports Due Out (Times are EST): Retail Sales (8:30am), Empire State Manufacturing

Current Long Positions (stop-losses in parentheses): TICC (10.28), NFLX (172.58), MCD (77.74), FLIR (28.18), BIDU (111.99), SPY (119.90), CTXS (64.13), MENT (11.08), MON (61.20) Current Short Positions (stop-losses in parentheses): None BIAS: 73% Long Economic Reports Due Out (Times are EST): Consumer Sentiment (9:55am) My Observations and What to Expect: Futures are down