Here are the two stocks we are watching after last Monday’s big reversals and long red candlesticks. Tesla (TSLA) and Netflix (NFLX) have been the highest fliers in the bull market.
Both are bellwethers of the 11-year old bull market with Tesla up 258.77 percent year-to-date and Netflix up 52.36 percent.
We are sellers of both. See our Friday post, Has Netflix Peaked?
Watch for the break and close below of 20-day moving average at 488.01.