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Is It Too Late To Buy Netflix?

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By: Melvin Pasternak of Street Authority

While old media stocks like Viacom (Nasdaq: VIAB), Walt Disney (NYSE: DIS) and 21st Century Fox (Nasdaq: FOXA) were hit with bad news and huge losses last week, Netflix (Nasdaq: NFLX) scored three straight record closing highs before succumbing to profit-taking on Friday.

Shares have been on a tear, more than doubling in the past four months. I'm sure plenty of investors are kicking themselves for missing the boat, but it's not too late. When a stock makes a new all-time high, especially a high-momentum growth stock like NFLX, it tends to keep moving higher. And Friday's sell-off provides an attractive short-term entry level.

Netflix is being driven by strong growth domestically and abroad. On July 15, the video streaming giant reported better-than-expected second-quarter earnings of $0.06 per share on revenues of $1.64 billion. Continue reading "Is It Too Late To Buy Netflix?" →

Despite Low Rates, Housing Rebound is Weak

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By: Elliott Wave International

A June 28 headline on CNBC reads, "Homeownership rate drops to 63.4%, lowest since 1967." The report goes on to say "The number of occupied housing units grew, but all on the renter side."

What does this change mean for the future of real estate in the U.S.? Will the recent rebound in mortgages and real estate prices continue?

Listen to this clip from Steve Hochberg's recent presentation at the San Francisco MoneyShow to get Elliott Wave International's unique perspective on the future of the U.S. real estate market (don't miss the link at the bottom to watch 4 more clips from Steve's presentation):

Market Myths Exposed

Free Club EWI Video Series
"Economic Crisis Meets Investor Opportunity"

Watch select portions of a live talk given by Elliott Wave International's Chief Market Analyst Steve Hochberg to a packed house at the San Francisco MoneyShow.

You'll see a compelling argument -- supported by charts, facts and figures -- for an imminent financial and economic collapse in America.

Log in to watch Steve's eye-opening presentation now, 100% free >>

Need a login? Complete your Club EWI profile to get instant access to this free resource >>

This article was syndicated by Elliott Wave International and was originally published under the headline Despite Low Rates, Housing Rebound is Weak. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

Six Miners Dundee's Joseph Fazzini Believes Will Weather the Storm

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The Gold Report: Many of the people we interview have a theory about why gold is performing poorly this summer despite so much global uncertainty, especially in China and Greece. What's your theory?

Joseph Fazzini: Gold typically plays numerous roles, including being a hedge against inflation, devaluation and economic turmoil, but it's still a commodity. Most commodities typically come under pressure in a recessionary environment. Right now, the global economic landscape isn't all that promising, inflation remains minimal and investors prefer other safe-haven investments (i.e., U.S. dollar). As a result, we expect gold to continue performing in-line with most other commodities and remain under pressure.

TGR: How low can gold go? Continue reading "Six Miners Dundee's Joseph Fazzini Believes Will Weather the Storm" →

I Spy With My Little Eye Support In The SPY

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Join Todd Gordon of TradingAnalysis.com as he takes you through a potential SPY trade setup using options with Fibonacci analysis. He picks up where he left off with the SPY chart from July 8th. The market is pulling back, but using eSignal's Advanced Get Todd identifies the Elliott Wave and Fibonacci support zone that could offer you a potential long setup.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

A Wynning Trade In Gold ?

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Join Todd Gordon of TradingAnalysis.com as he takes you through two trade setups using options with Fibonacci analysis. We first look at our gamble on WYNN, and then move to a chart that looks set to lose it's luster, gold.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon