Daily Archives: May 29, 2011

What to trade next week?

Posted on May 29, 2011 by admin

NFLX is overbought.  NFLX broke out of the 260 resistance.  The one-year chart below shows whenever RSI goes above 70, it has been always followed by a correction.  RSI is now at 71.  I don’t expect NFLX price to continue … Continue reading →

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Market Condition: Neutral to bearish, range bound.

Posted on May 29, 2011 by admin

This week’s Monday Morning Outlook shows a neutral to slightly bullish posture from Schaeffersresearch.com. ChartAdvisor.com: bearish, from a technical point of view.

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