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What we trade is, if not more, important than how we trade it. That has been Raghee’s motto and it has served her and many traders very well. The reason? Fills get us in but follow-through is what pays. In this update, Raghee explains what she is watching for follow-through now as well as how to scan in this environment for high probability trades.
Netflix: Earnings In Focus
Netflix is reporting on Thursday after market close, and it’s going to be one of the most important events this week for the stock market. Let’s look at the technical patterns, along with targets that are standing out both to the upside and downside. Danielle likes using her out-of-the-money butterflies for these kinds of setups, which she went over live in the trading room as well.