Why Netflix Was A Short Today

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Technical Plays, Trading Lesson, Trading TheoryLeave a Comment

Netflix has been on quite a tear since they reported strong earnings in April trading higher by more than $200. But for short term traders who each day look to trade lower time frame trends NFLX offered a good short setup Friday morning. These are some factors I considered prior to sharing the setup in our morning meeting. Netflix had a huge … Read More

Making the Adjustment

sspencerSteven Spencer (Steve's) Blogs, Trading Theory11 Comments

One of the things that I spoke to the desk about this past week was being prepared to make the necessary adjustments in their trading as market conditions change. Last week presented the greatest intraday volatility in US equity markets in about a decade. Our very young desk took incredible advantage of the opportunities that were presented to them. I … Read More