Chart of the Day

“We live in a fantasy world, a world of illusion. The great task in life is to find reality.” – Iris Murdoch
No change to what we discussed in our latest Weekly Outlook Video, and as always, keep an eye on the Twitter Feed for updated charts and commentary.
All and only about Netflix today. Apart from repeatedly banging the drum on the fact that markets are being extremely complacent, we have been highlighting Netflix action into and post earning as a potential key catalyst for market action into the end of the month and a traditionally weaker period for equities. Bears have a real chance to get some traction and they have to keep pressure on today post the likely big gap down open. The story is developing and it’s all about follow-through and a potential domino effect.

Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

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