Mar 30, 2011

Will NetFlix (NFLX) Rally For The 8th Consecutive Session?

NetFlix (NFLX) has been in rally mode recently benefitting from a few upgrades. Goldman Sachs revised their price target on the stock to 300 USD and that ignited this rally. Now, after 7 in a row what can we expect from NetFlix (NFLX)?

Futures are up, so NetFlix (NFLX) will probably be trading up in pre-market. That will probably be an interesting short term shorting opportunity.

JobsFest will begin today. Its a trilogy that will end on Friday morning. We have ADP today - Initial Claims tomorrow - and a grand finale with Friday`s Employment Report. After all said and done, the market will probably be just a few points up or down from where is trading today, but emotions will certainly be running high. Wall Street at its best.

I will leave with Top Gear`s Caparo T1 car review. With its advanced carbon fibre construction, the Caparo has twice the power-to-weight ratio of the Bugatti Veyron (put your speakers loud, please):