Tag Archives for " NFLX "

Netflix

Netflix Survived a Mini Bear but…

In the attached video I look at the long-term weekly chart of Netflix (NFLX) and the daily chart from an Elliott Wave perspective. This is an update to a video I did 7 months ago.

Nothing goes up forever and yes even the most popular stocks go thru some severe bear markets.  NFLX lost 83% of its value from July 2011 to August 2012.  Enjoy the video. Continue reading

Teasing the Bears

The market pulled back on all the indices today. It’s almost as if it is teasing the bears. It has done this stair stepping process higher for several weeks now.

But there may something a little different this time and I discuss it in tonight’s video. I also briefly look at Michael Kors (KORS) which was up 8%, Mosaic (MOS) which was down 8% and Netflix (NFLX) which was up 4% today.

After the market closed, Facebook (FB) reported earnings and the stock was up about 3%. FireEye (FEYE) on the other hand was trading down 14% along with Whole Foods Market (WFM) trading down 6% in after hours trading. Continue reading

Stock Market Land Mines

All the indices were down today with NYSE Composite and the Russell 2000 down to a greater degree than the others. The breadth of the market and the indicators are leaving me wondering if the move down has now started.  I talk about this in the video tonight.

Stock market land mines continue to go off throughout this entire rally. IBM was down 4% today on news that the SEC was investigating their revenue recognition process. IBM is now down 9.5% from its Oct. 9 countertrend closing high.

And Twitter (TWTR) reported earnings after the market closed and hit a land mine, trading down 12.3% in after hours trading.  Apple (AAPL) on the other hand was basically unchanged on their earnings, as of 5:15pm CT. Continue reading

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