The Pilots Take On Netflix Before it Crashed

Back on September 15 of 2011, we provided Chart-Cast Pilot members with a special report on Strategic Diversification.  We used our three levels of engagement in Netflix to provide that presentation.  

Though hindsight always provides 20/20 vision, there was no such hindsight assistance in navigating the precipitous collapse that was to occur in Netflix back on September 15, 2011. 

The chart below reflects the wreckage three months later. 

Read More ->>

Chart-Cast Pilot

Today, in short-term trading accounts, we lifted long positions with a $2270 profit per contract and reversed short nearby Oil futures at 100.55. 

Outside the purview of our trading strategy, we have also noted a short-term downside price target at $98 even vs. the 102.44 pivot high.

Nearby trendline support is noted in blue, while the rising reddish trendline defends the $98 target, which would return roughly 2.4 points or $2,400 per single contract traded.  The balance of today's Pilot is available in PDF format here.

Read More ->>

The Near Term Outlook

No doubt the jury remains out relative to short, medium, and long-term headline risk associated with the Global Debt Crises. 

The bill is now overdue and the collectors are banging at their door for payment.  They are putting in a call to their Uncle Sam to see if he might be able to buy them more time.


A weakening US dollar will suggest they are indeed buying time, while a strengthening US dollar i.e flight to safety, suggests things are not turning out quite as expected.

If the medium-term uptrend is to eventually deliver a move north of 80, and if trendline support fails over the short-term, another modest leg down toward a truncated minute degree -c- wave may terminate the minor degree *b* near the next trendline of support, and launch a powerful leg up in minor *c* as noted. The balance of today's Near Term Outlook is available in PDF format here.

Read More ->>