{"id":30906,"date":"2018-07-02T12:12:34","date_gmt":"2018-07-02T17:12:34","guid":{"rendered":"http:\/\/www.t3live.com\/blog\/?p=30906"},"modified":"2018-07-09T12:28:52","modified_gmt":"2018-07-09T17:28:52","slug":"scott-redler-nflx-one-to-watch","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2018\/07\/02\/scott-redler-nflx-one-to-watch\/","title":{"rendered":"Scott Redler: Netflix Is One to Watch Now"},"content":{"rendered":"

Netflix (NFLX) is a key name to watch now. It put in an island top with a few lower highs, which has us feeling more cautious.<\/p>\n

To keep its ‘go to' status, it has to reclaim $390.55 in a sea of red.<\/p>\n

If not, I'd be careful because we have the 21 day at $382 below. If that doesn't hold, it wouldn't be good for tech and market psychology. <\/p>\n

\"\"<\/span><\/p>\n

Let's turn to the QQQ's.<\/p>\n

Tech was the place to be for most of the year. There were more reasons to be more cautious since there is an unfilled bear gap and 21 day resistance. Let' see if new flows can come in to relieve the pressure.<\/p>\n

Last week's low is the $169 area. Do we make a higher low? Revisit that low? Or break it this week?<\/p>\n

Be ready for each scenario with a plan.<\/p>\n

\"\"<\/span><\/p>\n

China is still a problem with the Shanghai 20% off the highs. Most of Europe is below the 200 day. <\/p>\n

There could be a mini Head & Shoulders pattern developing. So 2691-2700 will be key for this week.<\/p>\n

See if high-beta tech gets flows to help the morning weakness, and if third-quarter flows and typical holiday upside can relieve some pressure.<\/p>\n

\"\"<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Netflix (NFLX) is a key name to watch now. It put in an island top with a few lower highs, which has us feeling more cautious. To keep its ‘go to’ status, it has to reclaim $390.55 in a sea of red. If not, I’d be careful because we have the 21 day at $382 below. If that doesn’t hold, it wouldn’t be good for tech and market psychology.  Let’s turn to the QQQ’s. Tech was the place to be for most of the year. There were more reasons to be more cautious since there is an unfilled bear gap and 21 day resistance. Let’ see if new flows can come in to relieve the pressure. Last week’s low is the $169 area. Do we make a higher low? Revisit that low? Or break it this week? Be ready for each scenario with a plan. China is still a problem with the Shanghai 20% off the highs. Most of Europe is below the 200 day.  There could be a mini Head & Shoulders pattern developing. So 2691-2700 will be key for this week. See if high-beta tech gets flows to help the morning weakness, and if third-quarter flows and typical holiday upside can relieve some pressure.<\/p>\n","protected":false},"author":4,"featured_media":21349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671,76],"tags":[],"class_list":["post-30906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-no-ads","category-scott-redler"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/30906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=30906"}],"version-history":[{"count":10,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/30906\/revisions"}],"predecessor-version":[{"id":31151,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/30906\/revisions\/31151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/21349"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=30906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=30906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=30906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}