We’re past Netflix earnings, and there are two bearish truths we can recognize:
- Long-term, the stock has double-topped
- We have failed the midline of the channel, opening up the prospect of a trip back down to the channel’s lower support line

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We’re past Netflix earnings, and there are two bearish truths we can recognize:

The Brazilian fund has completed an inverted cup-with-handle pattern, and it is behaving beautifully. I have tightened up my stop 28.89 based on this morning’s price gap.

Yesterday I bought October $270 puts on Salesforce (symbol CRM) based on what I believe is a potent topping pattern.

I’ve long had a sneering distaste for Abercrombie & Fitch, and on Monday I bought some November puts. So far, so good!
