- Netflix is up 15% today after beating expectations
- It's the first time in 4 quarters where the stock is up after reporting
- Other mega-cap Fang like stocks are up which makes no sense
- I am adding some tactical shorts in those names today
- The equity bullish sentiment is extreme, DeMark exhaustion signals on the major indexes are days away while there is a weekly exhaustion potential in play
- Short interest is coming down fast