I added a small position in NFLX this morning. I’m playing the support bounce off of the October breakout and the 89 DMA. If it can run up to $53.6, it would retrace yesterday’s drop which would be bullish for the stock over the next few days (pipe bottom).
I also added HBAN, RF and [...]
A nice breakdown on RF today. IAT is currently down almost 4%. It is hard to imagine a healthy market with the regional banks performing poorly. The charts on the regional banks are bearish. Could this group be a downside catalyst?
- Covered a really small amount of my XRT short at $26.2
- Added RF as a junk long at $5.19.
- Added a very tiny short position in BIG at $24.45. Stop at $26.3.