Tag: netflix inc. (nasdaq:nflx)

Is This A Dead Cat Bounce?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 7th of February.

After getting pummeled the past several weeks, the markets recovered some this week and appear as though the indices are going to close out either flat or with modest gains. Many popular stocks are showing gains on average of about 3%, not a bad move given how much they were pushed down.

Gold and crude oil also moved in the same direction, each gaining on average a little less than 1% for the week. The mighty Dollar on the other hand did not fare so well this past week, losing close to 1% in heavy interbank trading. Continue reading "Is This A Dead Cat Bounce?" →

Why Trade Triangles Matter For 2014

Posted on by The INO.com Team

Today, I'm going to be looking at two stocks and their recent Trade Triangle signals.

Netflix (NASDAQ:NFLX)

Netflix, Inc. (NASDAQ:NFLX) provides Internet television network service that enables subscribers to stream TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally.

Netflix had a recent Trade Triangle exit signal at $359.04 on 1/6/14. The very next day this stock dropped like a brick and shaved 5.58% off the value of this company. That’s why Trade Triangles matter.

Want to analyze Netflix Inc.(NASDAQ:NFLX) or another symbol? Try our Free Stock Trend Analysis Report.

BLACK CHART NUMBERS
1. Weekly Trade Triangle entry signal @ $334.50
2. Trade Triangle information
3. Weekly Trade Triangle entry signal @ $359.04
4. Netflix down 5.58% in one day.

To summarize, I expect Netflix to be on the defensive in the near-term, unless I see otherwise in the Trade Triangle technology. Continue reading "Why Trade Triangles Matter For 2014" →

Has NetFlix Topped Out?

Posted on by The INO.com Team

We have had a very good run in the stock of Netflix (NASDAQ:NFLX) and the question now is, has Netflix topped out?

netflixThere is increasing evidence that Netflix is having problems over the $300-$310 area. With a lower close in this stock today, it will confirm that it has put in an intermediate top.

Yesterday, Netflix (NASDAQ:NFLX) put in a Japanese candlestick pattern known as "a dark cloud cover." This is confirmed as a top if the market closes lower today, September 17th. Candlestick patterns can be very powerful. This is not to say that Netflix has put in an all-time top, but rather in the interim the market has stopped going up and is probably going to see a pullback.

NETFLIX TOPPING
Pullbacks are always interesting and I like to use our Fibonacci retracement tool to measure them. In 2013, most of the pullbacks were in $30-$40 range. Measuring from the recent high of $314.18 on September 11th and subtracting $40, takes us down to $274 area. Coincidentally this is very close to a 50% Fibonacci retracement if we measure from the recent high on September 11th to the low seen on July 25th at $239.91.

I have two other concerns with Netflix (NASDAQ:NFLX). We are at a cyclic high and the MACD is beginning to roll over, which is similar to what happened in the May and July periods.

Please be aware I am not recommending shorting Netflix, as the longer-term trend for Netflix remains positive and I can see this market doing well longer term as it dominates the space of streaming video and home entertainment.

Let's watch today's close in Netflix very carefully. A close below the $301.13 level will represent a new 5-day low close for this stock.

This is just a heads up that Netflix may be running into some headwinds and profit taking.

Please feel free to leave a comment or your own view on the stock.

Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Learn How To Trade Netflix In 90 Seconds

Posted on by The INO.com Team

netflixAdam Hewison, President of INO.com and Co-creator of MarketClub, shows you how to analyze Netflix in 90 seconds using MarketClub's proprietary Trade Triangle technology.

Watch this informative video right here.

When looking at the stock market, we use the monthly Trade Triangle to identify the major trend (and possible initial entry). We use the weekly Trade Triangles for timing.

MarketClub's Trade Triangle technology helps traders time markets after a steady trend has been established and only exit after the trend has come to a complete halt. Trade Triangles provide a great timing tool and can be used in conjunction with other technical indicators of your choice. MarketClub also gives you access to multiple scans, historical data, email alerts, portfolios and a whole lot more.

If you are a member, consider this video a quick refresher. If you're not a member, join today and learn how MarketClub and our Trade Triangle technology can help you find winners in the stock market.

It only takes 90 seconds to sign-up for your trial!