Can Netflix Put on a Good Show?

Netflix (NFLX) was the first high-beta tech name to really break out and tell us the market could have some power.

Today, it got a huge price target bump from Goldman.

If it can stay above $369.83, it can show some power and create F.O.M.O. (fear of missing out) in names like AMZN, GOOGL, and FB.

The bears want the NFLX strength to get sold, so let’s keep an eye on it.

The banks are always in focus on Fed Day. I’m in Bank of America (BAC) and I want to see the $29.75 area to hold.

It’s right around that now, and I want to see how the Fed affects it.

Biotech’s still in focus so let’s look at IBB, which I’m long as of this morning.

It cleared $107.80 and $110.10 to hit a high of $111.29. Now I’m going to see if it can hold $109.50 to keep the stair step move higher intact.

P.S. For the first time ever, Scott’s teaching his unique method of game planning that could be your answer to trading frustration.

And it’s going down live: