Netflix Is Not The Market

by | Jan 20, 2021 | Daily Note

  • Netflix is up 15% today after beating expectations
  • It's the first time in 4 quarters where the stock is up after reporting
  • Other mega-cap Fang like stocks are up which makes no sense 
  • I am adding some tactical shorts in those names today
  • The equity bullish sentiment is extreme, DeMark exhaustion signals on the major indexes are days away while there is a weekly exhaustion potential in play 
  • Short interest is coming down fast 
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