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Now that earnings season is back, we can start to anticipate some of the more notable reports. This afternoon comes Netflix (NFLX). What I’ve done with the chart below is tinted the aftermath of prior earnings reports. On the whole, the stock goes up for weeks afterward (yellow) although there was a single exception (magenta). I have absolutely no position in NFLX, but my completely stupid, baseless hunch is that the stock will surprise everyone to the downside. Let’s see!
I’ve been saying for many weeks that, should TSLA break its lowest Fibonacci, there would be nothing but vapor, fumes, and Janet Yellen’s ethical values holding this thing up. In other words, nothing. Don’t be surprised if by Wednesday this thing is at prices no one can believe.
Looks like my bullish idea for Oscar Health (OSCR) is running along nicely, up another 10% today alone.
