From the desk of Top Market Timer Mark Leibovit.
On this video I decided to focus on 'high-flyer' Netflix (NFLX) looking solely at a weekly chart. This is particularly useful for a stock of this volatility (and price) for those of you less inclined to trade day to but prefer to try and catch multi-week moves. In the example presented, using the 5/3/3 stochastic as confirmation, the correlation with declines following Negative VRs and rallies following Positive VRs was extraordinarily high. In recent months, a Positive VR the week of January 19 coincided with a rising 5/3/3 stochastic and a six week rallied ensued. Immediately thereafter on March 2, a Negative VR was formed in conjunction with a declining 5/3/3 stochastic and a 4-5 week decline unfolded. After that, a Positive VR during the week of April 13 re-established an uptrend confirmed by a rising 5/3/3 stochastic which brings up to date. This is a great stock to track on a weekly basis using my VR.