Where Is Netflix (NFLX) Heading After Earnings!

Netflix (Nasdaq: NFLX) reported earnings after the market today.  Its revenue rose 27 per cent to $1.41bn, in line with analysts’ expectations.  However, its forecast for the fourth quarter was only 44 cents per share, about half the 84 cents forecast by analysts.  In additions, the company only added 3 million new subscribers in third quarter, which is below the 3.7 million new subscribers projected by Netflix.

In after-hours trading, Netflix shares dropped more than 26%, down to $330/share from Wednesday's close of $448.59/share, a whopping $118.59 drop!

In my Ecstatic Plays trading group today, I sent out a message, noting that NFLX could easily fall below $400 after earnings:

Happy Trading Ecstatic Plays
NFLX could easily fall below $400 after earnings...
11:16 AM - October 15, 2014 • Premium content

Here's what I saw in the charts:

NFLX

From the chart above, we can see that in the past year, NFLX stock had mainly a trading range from about $320 to $460.  In late January this year, NFLX popped higher from the 1) low end of the range and traded to the 2) high end of the range in early March.  In late April/early May, it dropped again to the 3) low end of the range.  This time, it touched just below $300 before bouncing up.  By the end of June, NFLX was on the upper end of the range again, even breaking above the range for a few days.

In late August, the broader market was so strong, NFLX broke above the trading range and made a new all-time high at nearly $490/share!  But, it soon returned back to within the range.  

Today, NFLX closed below its daily MAs and traded down to $430.  From the chart, there was really no support until $380.  With the weak ...

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Ebola-Related Stocks Soar! LAKE, APT, SMED

While most stocks were getting hammered last week, stocks of companies that make protective masks and suits were soaring. Today, they popped even more!

Lakeland Industries (NASDAQ: LAKE), which produces protective clothing such as the ChemMax 1 hazmat suit, popped ...

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Ebola-related Stocks Soar! LAKE, APT, SMED

While most stocks were getting hammered last week, stocks of companies that make protective masks and suits were soaring.  Today, they popped even more!

Lakeland Industries (NASDAQ: LAKE), which produces protective clothing such as the ChemMax 1 hazmat suit, popped ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, BTK, FAS, SOXX, WFC, C, JPM, BAC, GS, COF, AXP, GOOG, NFLX, EBAY, INTC

The market was very volatile this past week. But, we were patient on our trades and had another profitable week. My Ecstatic Plays portfolio is now up +116.6%!

Our puts on BIDU and V added to our portfolio and were ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, BTK, FAS, SOXX

The market was very volatile this past week.  But, we were patient on our trades and had another profitable week.  My Ecstatic Plays portfolio is now up +116.6%!

Our puts on BIDU and V added to our portfolio and were ...

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Ecstatic Plays Portfolio Now Up +116.6%!

We are having a nice morning!  In just a little over two months, my Ecstatic Plays Portfolio (Click here to see) is now up +116.6%!  90-Day performance is just over +100%.  Here are some stats:


Ecstatic Plays Portfolio ...

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Markets Pop After Dovish Comments From Fed: SPX, Nasdaq, IWM, AMZN, MNST, AAPL, MPC, FDX, GMCR, PCLN, RL, SCTY, GILD, BIIB, CELG, VRTX, BMRN

After yesterday's steep drop, buyers responded by driving the stocks up to their best day of 2014, after the Fed released its dovish comments toward raising rates.

In the morning, SPX touched a low of 1925.25.  But, before the ...

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Weekly Wrap-Up (up +114% in 2 months!) + Market Forecast + Sector Watch: GS, ALXN, BIDU, AAPL, POT, CTRP, LNKD, CLVS, TIBX, BIIB

Last weekend, in my Market Forecast, I wrote:

" For the new week, I think the markets will be volatile again. Although we saw a solid bounce on Friday, both SPX and Nasdaq closed below their respective daily MAs ...

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Weekly Wrap-Up (up +114% in 2 months!) + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, FDN, TAN, OIH, XLE

Last weekend, in my Market Forecast, I wrote:

" For the new week, I think the markets will be volatile again. Although we saw a solid bounce on Friday, both SPX and Nasdaq closed below their respective daily MAs ...

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Markets Bounce Back From Morning Weakness! SPX, Nasdaq, BIDU, AAPL, POT, TSLA, GPRO, MBLY, CREE

After yesterday's big falloff, markets opened with continued weakness in the morning.  We started locking in profits in the afternoon, after lunch, on the downside plays.  Our timing was just about perfect!  Here are the closed trades for today:

We ...

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It's Official! MyHappyTrading Is Now on Marketfy!!

Hello to members of both MyHappyTrading and Marketfy!

MyHappyTrading has officially moved and joined Marketfy.com!

I have been trading options for almost 20 years. I recently joined Marketfy.com, and started trading a portfolio called Ecstatic Plays on August 1, 2014. ...

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Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, FDN, SOXX, OIH

Last weekend, in my Market Forecast, we discussed:

"For the new week, Friday's afternoon selloff negated a breakout. It looks like markets are still consolidating. The support levels may need to be tested again: SPX 1980 and Nasdaq 4500."

Well, ...

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