Roku Inc. (ROKU) has continued to rally ahead its fourth-quarter earnings, which are expected after the close Thursday. We looked at ROKU on Jan. 4, when we wrote, "Traders who are still long ROKU should raise stop protection to $301 from $240. I consider it a bearish clue when a stock declines on news that seems bullish."
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If I'm bearish or short, I am getting very, very nervous about Tuesday's action.
It appears we could be looking at a setup for a failed bounce or the start of a fresh leg higher.
Let's make sense of investing in non-fungible tokens as they meet exchange-traded funds with the recent launch of the Defiance Digital Revolution fund.
It is quite ironic that the one asset that was truly meant to be a diversification tool, ended up being just the same as the rest.