- Bullseye Trades
- Posts
- Will NFLX give us a gift this week? š
Will NFLX give us a gift this week? š
A big week of earnings to look forward to
I want to be just like him.
At 90 years old, he just made his last movie. His career spanned 8 decades! And he chose to finally retire because he wanted to go out on a high note!
Michael Caine is, without a doubt, a legend!
And I hope to still be trading when Iām in my golden yearsā¦ a trading legend in my own right. Like Caine, not for financial reasons, but for the love of what I do. And when I finally do hang up my trading tools, I want to do so to end a prosperous, highly respected career on a high note.
Iāve still got decades before I hit 90 (but not too many!), so in the medium term Iām marching steadily toward teaching my students on how I am attacking my $120,000-in-12-months challenge.
Today, that means Iām focusing on the markets in front of me.
Iāve got to tell ya, Iām not liking what I see ahead for this week. Talk about āChop Central.ā
Yes, the markets rallied this morning, and weāre kicking off a big earnings week with two of my favorite stocks ā Tesla and Netflix ā reporting on Wednesday. We also have the banks' earnings rolling out.
But I donāt expect this rally to extend too much further.
Why?
Because of what I see on the QQQs. Things look overbought at this point, after getting crushed on Friday and then a recovery rally today, which I have zero faith in holding.
Because thereās this trend thatās been gathering steam latelyā¦ where big funds are out hunting for liquidity.
Theyāre trying to shore up their balance sheets by grabbing profits wherever they can. Todayās rally is exactly the kind of situation that will have those big money managers turning big chunks of their portfolios into cash.
I think that luckless investors who are blindly buying today, will pay the price!
One of the biggest concerns of mine right now is that bonds are still under extreme pressure.
I have many other reasons, but those are my big three.
Thereās also the warning Iām getting from Netflix and Tesla. Letās just focus on one today.
Iām increasingly suspicious that the big money knows something about NFLX heading into Wednesdayās earnings. The stock has been trending considerably lower into the earnings announcement on Wednesday this week, and if something bad pops up in the companyās reports, Thursday could be a brutal day for its shareholders.
By the way, if NFLX does selloff after earnings this week (which I think it will), I plan to be there to send Alpha Hunter members my top trade plan to take full advantage of it.
What I absolutely wonāt do is trade into NFLX earnings because thatās just reckless. Sometimes, I may trade a week or two before, but Iām out of trades into the report. After investors have digested the information, thatās when I look to get in.
Iāll be keeping my Alpha Hunter members apprised of any trades I decide to make in NFLX ā or any other stock. If I make a move, Iāll use my favorite trading strategyā¦ the same strategy Iām using to make that $120,000 in 12 months.
And Iāll share my exact trade plan with Alpha Hunters, as always, including targets, stop loss levelsā¦ everything I use to limit my downside while shooting for the profits.
šŗļøYou can track my progress in that challenge right here. šŗļø
Iām all about 100% transparency.
I just made a new trade with members today that isnāt on the list yet, and I also have two winners I still need to add to this as well ā itās your fault if you miss the next trades coming up though!
Make sure youāre on the list so you donāt miss any updates or alerts I may send about NFLX or any other trades this week.
Above all, tread carefully.
This market chop can pull your legs out from under you without any warning, especially if youāre not prepared or if youāre making reckless trades.
For me, now is NOT the time to be buying options ā either puts or calls.
Predicting direction, timing, size, and price are hard enough to do in calmer times. In this market, you might as well just burn your money.
Instead, join me in Alpha Hunter.
Hereās to YOUR success,
P.S. BlackBox* is the new charting software I use, and itās much more detailed and reliable than the other apps Iāve used. Hereās a special link theyāve extended to RagingBull subscribers! And here is a link to their recent training with us in case you missed it. To YOUR success!
*Sponsored content: Weāre a proud affiliate for BlackBoxStocks, meaning if you click a link for a product or service, we may earn a commission at no extra cost to you. We believe in the companies we form affiliate relationships with, but please donāt spend any money on these products or services unless you believe they will help you achieve your goals.
What will NFLX do? |
Questions or concerns about our products? Email [email protected] Ā© Copyright 2022, RagingBull
DISCLAIMER To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer
FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.
RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.
RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of https:// ragingbull.com or RagingBull.com LLC are paid in whole or in part by commission based on their sales of Services to subscribers.
RagingBull.com, LLC shall be entitled to recover attorneysā fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneysā fees, costs and disbursements in addition to any other relief to which it may be entitled.
WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.