Going the Other Way, NFLX

So we’ve looked at a couple of good bull situations. Here’s one from the bear side that is working so far.*

From the Trade Log on July 26th…

“Shorting more NFLX on continued bounce to SMA 200.”

It did the exact right thing at the SMA 200. I am by no means enthusiastically shorting much until this market cracks, rebounds and creates setups. But this was a setup.

nflx

* Unlike TSLA, on which I took a moderate loss as I ran out of patience (and will).

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