Hubert Senters here.
Let’s take a look at Netflix. I had a comment yesterday and they want to know what I thought about it.
Overall, it looks decent. It’s kind of sideways. I think there’s better things to trade.
It’s about to go trending on ADX and it did have a breakaway to the upside. You’ve got some overhead resistance that you can clearly see.
It’s right here on this area around the $550 area so it would be $550 to $560 so it’s probably going to go there.
I think there’s better stuff to trade. I mean you can just do the old favorites like I mean you can do Facebook solid.
You can do WMT. You can do GOOG. All of those look a little bit better than Netflix. In particular, Google looks amazing.
So you might want to shift on that because when you look at Netflix, NFLX. It’s just got a lot of sideways mumbo jumbo right here.
It’s still tradable it’s because of the ranges so wild on Netflix so you could still trade that from $471 to $568.
It’s tradable. If you’ve got the skills to do it but it wouldn’t be my first initial reaction to go long here.
Now, in the coming rollover when the market pulls back substantial amount of time you need to start building yourself up a wishlist of tech stocks.
If the tech stocks have a good balance sheet then you’re probably be okay and you’ll pick up some really good discounts.
But if it’s like a company that doesn’t have really earnings or something like that. Those things are going to get hurt a little bit more.
So when you go through a bubble pop usually the more speculative place get really slashed as far as price goes.
The stuff that actually has earnings and profits and stuff like that they tend to hold up a little bit better so start making your wishlist of potential good looking companies with good balance sheets and also good technical.
The more speculative in place they’ll probably go down quicker. You can get them a discount too but you need to have two different separate lists.
Good luck. Hope it helps. See you on the next video.
Hubert.
