First off, regarding today's mega-rally, I have three things to say:
(a) I'm glad the endless wait on the Euro is finally over;
(b) thank goodness for my longs;
(c) and thank goodness that cash can be a position too!
One specific long possibility is none other than battered-down Netflix (NFLX). I threw down a Fibonacci fan line on its extremes, and lo and behold….
Looks like a pretty decent basis for support at these levels.
