How I'm Shorting Netflix - NFLX

So far I am nailing this short 3x this week. The Nasdaq continues to tank adding to the misery of this stock. I think this stock sees $66-62 range before the shorts are done with it.

Trade Set-up: Netflix

Potential good set up with measured risk. Place a stop just under support. If the market moves this up on Tues above the intraday close, I think this is a buy. Look for overhead resistance once price levels close the gap.

Long Setups: $EW, $HANS, $HSY,$NFLX ,$MAKO

How I Traded Netflix: $NFLX

My recent $NFLX short:

4 Trades For A Bear Market - $NFLX, $TZA, $FAZ, $TLT

Bear flag pattern developing. Short on any failure .

Short ETF of the Russell 2000 index. This is triple leveraged. Trade with caution.

Short ETF of financials, triple leveraged.

This stock has been clawing its way up on bad european news. Price could come lower to support. Could be a great play once the bears return.

Shorting Ideas Before The Holiday Weekend

NFLX - I've talked about this before. The head and shoulders pattern was broken and it broke though the neckline. Today after market Starz announced they were pulling their content. The stock pulled back afterhours 8% this puts it right back at the neckline. I want to short this but Im going to be cautious. Watching this closely tomorrow.

SPXU - SP500 at resistance, shorting at support with a tight stop.

DUG - Inverse ETF of crude oil.

Crude index

NFLX - Netflix Bearish Head and Shoulder Pattern Formation

Netflix could be headed lower as the price action fell below the neckline as well as the 200ma. The gray zone is an area of potential support. I'm looking for the stock to bounce back and fail at the neckline for a short play.

Click to enlarge