Tuesday's rally in the Nasdaq and S&P 500 could prove to be short-lived thanks to disappointing subscriber numbers from Netflix.
Cash-strapped consumers could be rethinking their streaming subscriptions.
Plus, the average rate for a 30-year fixed mortgage has risen above 4%, so what will that do to the housing market?
I'm going to try to trade my way out of the entertainment giant as I'm out of patience with the soon-to-be Paramount Global.
The entertainment giant's chart formation suggests a nice move higher, though it still must clear a couple obstacles.
Let's look at the charts and indicators.
Here's the next logical price target.
NFLX is growing, but it's not a 'growth' stock and had been priced like one. That's over.
As the hit Korean series grabs attention, let's check the charts and see how traders can play NFLX.
NFLX reports its third quarter financial performance after the close of business tomorrow (Tuesday) afternoon.