Netflix Swing Trade

١١ ديسمبر ٢٠١٨

While NASDAQ and FAANG stocks as a whole I'm bearish on, we haven't bottomed out yet so there's some swing trades to be made in the meantime. Netflix is looking to fill a gap from back in January 2018. I always try to take a trade on a gap fill, especially if things a pretty oversold. If we reach that gap next week, I'll be contemplating taking a medium-term position and ride a possible "Santa Clause Rally" through the end of December before things starts to get dicey in Jan/Feb. It's possible we'll see a short squeeze in the next week or two which will make me short-term bullish on NASDAQ and tech stocks.