Pocket pivots in real-time: NFLX is set to achieve enough trading volume to qualify for a pocket pivot. It is a sign of substantial strength that NFLX was the only stock green on my screen this morning, and is bouncing off support. Composite rating: 97
That NFLX was performing as a leader should, then ran into trouble by trading below its 50dma on volume, caused us to move from bullish to bearish on the stock. Today's action causes a switch once again to a bullish stance. This should illustrate the importance of remaining flexible in thought and action during such times when a stock behaves in the way NFLX has behaved over the past few weeks.
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