A couple of months ago, I made this statement about Netflix, stating it “seems well-positioned for a potential gap-fill.”
The Mega-Gaps Approach
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Crucial Gap
The bulls continue their nearly uninterrupted curb-stomping of the bears, which started 42 days ago. At this point, the key “magnet” is the Sept 12/13 price gap on the SPY, which is only 1% away.
The Post-Rip Grind
After the big move higher before the market opened, the instant conclusion around Slope was that the market would just rip higher All Day Long. Well, ummm, not really:
Video Gap
I’ve been awake since 2:30 a.m., so I’m about to topple over. Before I do, here’s one last chart: I’d say that Netflix (NFLX) is getting very close to the end of its “traverse” back toward its gap. From a charting perspective, its behavior has been picture perfect.
Special Delivery
Well, it looks like this morning’s modest sell-off is already wrecked, so let’s turn our attention to something specific: the man in the brown truck. United Parcel Service had a big price gap between the 15th and 16th of September which it has just about closed. I’ve already entered a starter position (April 21 $200 puts) and will augment it as we push closer to the gap.
