NFLX.. Days to take notice
So often you hear about "days to take notice" in the market. This can be said when a stock or indices begin to act differently which may indicate a change of trend. With NFLX making new all time highs today, then reversing and putting in a "Bearish Engulfing Candle" on the daily chart, showing notable weakness in today's already weak tape. This name's recent price action over the past few weeks indicates you should be buying every dip. However, with today's price action, along with closing below the 8 EMA for the first time in nearly a month, we believe one should be cautious when trying to buy NFLX until it gives some buy signals.