sp'60min
Summary
Very quiet day. Anyone who has managed to stay awake deserves a prize of 1 GOOG share.
--
*NFLX earnings at the close.
How about a hyper-ramp to the low $400s in AH ? Not that I would ever trade one of the hysteria stocks though. They remain purely for 'entertainment viewing' only...at least to me.
Certainly from a trend point of view, its at the top end, yet we've seen some clearly accelerating breakouts lately, not least in the broader Nasdaq Comp' index itself.
-
Much more interesting, that I just noticed...
DRYS, daily
Testing the 50 day MA, and right on my target line of $3. The whole price structure looks like a simple giant bull flag.
-
3.19pm.. Major warning to the bears..
ALL micro index cycles look floored, especially the 5/15min cycles.
VERY high risk of upside into early Tuesday..as high the sp'1760s - if Mr Market likes earnings/jobs data.
--
Absolutely zero point being short anything right now. Anyone short NFLX on margin..could see their accounts blown up in AH.