Uninspiring Technical Patterns Ahead of NFLX Earnings
Like many others, 
NFLX has shifted to a wide sideways trend ahead of its earnings report today after the close. There is no pre-earnings run here. Current volume and price trend are not patterns that inspire a good earnings surprise.
HFTs are always watching news ahead of open on high-profile stocks to get ahead of retail market orders. A gap is likely at tomorrow's open.
NFLX has shifted to a wide sideways trend ahead of its earnings report today after the close. There is no pre-earnings run here. Current volume and price trend are not patterns that inspire a good earnings surprise. HFTs are always watching news ahead of open on high-profile stocks to get ahead of retail market orders. A gap is likely at tomorrow's open.
Martha Stokes, CMT
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