All of my research has lead me to the conclusion that the number one leading stock in the market as of this moment is NFLX!
As of this moment NFLX satisfies just about every CANSLIM requirement except that the markets are not in a confirmed new uptrend and NFLX is very extended from a proper base which it last formed from late November to early February.
NFLX is very extended right now and seems to be experiencing a climatic sort of intermediate term top. However, should the markets go into a correction in the near future NFLX may form a base and continue to blast higher!
So add this one to your watchlist and keep your eyes peeled for a breakout!
Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Tuesday, April 27, 2010
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