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Why We're Licking Our Bearish Chops

1/22/2014

 
We are following our system, and found no bullish trades that meet our criteria today.  However, we note that XLY has really fallen in our Sector Analysis, and we are licking our chops for the opportunity to sell option premium to the downside once the S&P and XLY become overbought.  We are watching YUM, SBUX, MCD, LULU and JWN and waiting for overbought sell signals.  

Though we generally avoid speculative trades...NFLX has turned bearish in the last several days, with earnings today. Price recently fell below the Chaikin trend, relative strength is waning.  Moneyflow is bearish. and there is a lot of insider selling and short interest.   Here's a calendar trade with a 54% chance of success.  And, if you believe NFLX will take a hit today, your odds of success are higher if you have conviction it will fall.  

Grab a free trial to Chaikin Analytics here and take advantage of 3 extra months and a $300 iTunes gift card when you sign up for a year.   That's a great deal, and it should easily pay for itself if you follow the system.  -- Mike and AA

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