I’m actively long this market, but hold many reserves. I’m watching the exit, waiting to make my escape at any moment.
Allow me to remind you, this game is not about what people tell you. It’s about seeing what’s clearly in front of you. It’s about ignoring the noise and moving with the market. It’s about making decisions without hesitation. Now tell me, where is NFLX headed?(Chart here)
You think this stock is heading back to all time highs? Sadly, that is not how things work. You may be lucky enough to pickup some quick gains, but these gains are only temporary. They will serve as your only comfort when you have massive loses in your next bottom picking endeavor. I’m watching closely and waiting patiently for NFLX to break.
Believe me when I tell you this, I’m not brash. I have plans and they do not include losing money. I will never jump on a sinking ship, nor fight the market waves. These are things you can count on.
The SPX needs to maintain 1,284 or things will turn ugly quick. I will continue to buy strength, until I see weakness.
