I've maintained my short of Netflix. This has been quite an exciting stock to watch. Usually excitement is something you want to avoid when investing, but it has never bounced high enough for me to have a paper loss on the trade. It took discipline for me to maintain the short at $97 and $108. It has been a particularly volatile stock because Netflix is the market leader. If it really collapses, it is a negative signal for the market. The bulls want to be sure this doesn't happen. The chart is interesting. If Netflix was able to reach $116, it would have been able to regain its positive trend line as it would no longer be making lower highs. The failure to reach this shows the downtrend is still in tact. The bounce off the $97 level was expected and is not bullish. The stock has broken its support at $103. I showed you the head and shoulders pattern in a previous article. I think this pressures Netflix to break the $97 support. If it does, it has started a new downtrend with support in the high $70s. This was my target price for the short which was why I didn't cover. $NFLX, Netflix, Inc. / 1440 In terms of the macro economy and the overall market, I can't think of better stock to short than Netflix. It has an insane PE while its sales in America are maturing (i.e. slowing growth in rate of change terms). My calls have had an excellent success rate as I used the macro-economy to guide my thinking. You would think buy and hold investors would start paying attention to the impending collapse of the global economy. However, they have decided to ignore these indicators giving you the opportunity to short stocks such as GoPro, Etsy, Shake Shack, Chipotle, Netflix, Boston Beer, and Amazon. Those are my top short ideas.