Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, December 28, 2015

NFLX Continues to Drift Lower

NFLX, the wild horse of the FANG group (FB, AMZN, NFLX, GOOG), has been continuing to downtrend since its high peak to well above its long term blue channel and has just recently barely slipped back into it.

click on image to enlarge

Monday's close had NFLX right back up to the upper blue line.   If the Fed can get the market floating up these last few days of the year or if Wall Street players are in sync for delivering the bullish first five days of the new year routine, NFLX would just love to break out of its blue line channel again and party unrestricted.  We will have to see if that gets started as this might be the strangest and most unpredictable January we have seen in many years.

Trade well my friends


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