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Last Update: 8.15.13
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8.8.13 Thursday
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[Morning] Entered Calls @ $251.35
(chart screened this morning)
- Old resistance new support
- Possible bull flag (last three days)
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8.12.13 Monday
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Bull Flag Break Out
We broke out of this bull flag after 4 days of consolidation and we broke out with some volume spike which is always plus. $270 is the next target.
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8.14.13 Wednesday
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Stair Stepping Higher
We are nicely stair stepping higher and currently we do not have any kind of reversal pattern what so ever so I think it looks good for higher prices. $270.20 is next resistance level and market being weak is concerning. (Still holding full positions)
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8.15.13 Thursday
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[At Open] All Positions Closed @ $258.76
(chart screened at open)
I guess it was a good thing that I closed all of my positions right at open as $NFLX came down to $253.41 after close. I was initially targeting about $290ish for swing trade but I had to cut it short as the broad market showing much weakness today. Still a good trade though.
