NFLX Goes Nuts, but Who Cares?

A $65 short-squeeze in NFLX after the close looked superficially impressive on the intraday charts, but the stock is probably not important enough to pull the market higher on Wednesday. More likely is that stocks will be pulled down if the rally sputters out near a midpoint Hidden Pivot resistance at 410.44 that has contained Netflix’ wilding spree so far.