Are you not entertained??
Maximus asked us that back in 2000, and for a while, we weren’t.
As inflation started going through the roof and the Bear Market hit in 2022, the Entertainment/Leisure Related stocks took a beating:
Fifteen bucks a month or more seemed trivial and expensive. And people stopped paying to see the latest hot shows.
But then things started to turn.
Yes, inflation is still high but it’s lessening. People are starting to feel positive again.
And traders are hoping Washington raises the debt ceiling and the Bull Market finally begins again.
Take a look now at the right side of the Netflix, Inc. (NFLX) chart:
It’s undoubtedly bullish.
And NFLX is exploding today. A break above $379.45 could lead to another huge Netflix run.
Especially in a bullish overall market.
Happy trading,
Scott
