≈ In the middle of ‘World War +’ ≈
There is a story that goes around like this:
— Good morning, Mr. Antioco.
— Good morning, Mr. Hastings.
— Nice to meet you.
— A pleasure to meet you.
— Look, Mr. Antioco here’s my proposal, let me know what you think: From now on I will run your brand online and you will promote mine in your stores. Sounds fair?
— HAAHAHAHHAHAHAHAHAHAHAHAHAHHHAHAHAHAH!!!!
End of story.
The year was 2000. Reed Hastings was one of the founders of a newborn company called Netflix. John Antioco was the CEO of a well-established brand called Blockbuster.
Oh, the break of paradigms.
Fast-forwarding almost 20 years, now we are in the middle of the “World War +”. Seems that everyone now has the perfect solution to keep you at home staring at your TV set like a zombie. According to reports, Apple has committed to spending more than $6B on original TV shows and movies for its upcoming Apple TV+ service. Apple wants to beat Disney+ and both want to make Netflix the next Blockbuster.
You voted you got it: Netflix Inc. (NASDAQ: NFLX) is the Stock of the Week on Tackle’s Instagram.
Go to our profile and check the analysis done by Coach Noah Davidson. Although on a descending wedge pattern, the context of the chart is screaming BEARISH.
Go check it out!
Chart of the Day
The generation gap
The infographic above shows the average daily TV consumption of American adults, grouped by age.
No wonder there is a ‘World War +’ going on.
(Source: statista)
Video of the Day
How to Prep a Bearish Swing Trade
Explanation of how professional traders set up and prep a bearish swing trade. They walk through entry stop and targets, as well as how they find each.
Today’s line up
Tales of a Technician
The Pain and Pleasure of Lower Prices
I have fond memories of Black Friday as a teenager. Every year my mom and I would wake up in the wee hours of the morning and drive to the outlets for clothes shopping. Tommy Hilfiger was my brand of choice, and it was always the first store we visited. The weather was freezing, and yet the crowds were still massive. The lure of low prices overpowers humans’ desires for warmth and comfort.
Traders Lounge 11 AM EST
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Coaches Show Replay
If you missed last night’s episode where Coaches Gino Poore and Mark Justice talked about the Diagonal Put Calendar Spread from the new Tackle Trading Playbook or would like to watch it again, check it out here.
Bear Market Survival Guide MasterMind Group 8:30PM EST
Owners of our premium system The Bear Market Survival Guide are invited to attend. System architect, Tyler Craig, will be showing how to apply the principles taught in the course.
Halftime Report 12:30 PM EST
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Market Recap 4:30 PM EST
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Trading Justice Episode 336: Rob Embers on Cybersecurity Risk
In this episode of the Trading Justice Podcast, we welcome Rob Embers. Rob is the CCO of Dionach, a cybersecurity expert with over 20 years’ experience. We discuss the current state of cybersecurity, some of the biggest risks out there for individuals, companies and governments and what his advice is on how people can better protect their data and information. Listen to the episode on the player below.
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