netflix roku acadia

Netflix Breakout, Roku Breakdown, Acadia Rising, Plus Much More

This column is my opinion and expresses my views. Those views can change at a moments notice when the market changes. I am not right all the time and I do not expect to be. I disclose all my positions clearly listed on the page, and I do not trade my account on the stocks spoken of in this column unless fully disclosed. If that does not work for you stop reading and close the page. Do not bother me or harass me.

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Netflix Breakout, Roku Breakdown, Acadia Rising, Plus Much More

Netflix share had a massive breakout, finally crossing over that $190 resistance level that has held the stock in place since the end of November. It seems somewhat apparent some big seller finished their order up yesterday, because the way the stock lifted today, and the way it has managed to stay right around $190 for the past month speaks of a massive seller with a limit order. We’ll see where it goes from here, but with that support now at $190 firmly in place, it seems likely the stock will have an excellent start to 2018.

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Another “streaming media” stock didn’t fare as well today, with Roku ($ROKU) falling by almost 3 percent. More critical for Roku, is that it closed right below the uptrend, and that could be very bad for the stock. It all depends on how accurately I drew the line. But if the stock did indeed break the uptrend, then it likes has room to fall towards $47.


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The Biotech ETF ($IBB) tested support early today at $107, and support held, and with that, the ETF turned higher. It is a positive sign, and the setup for the group seems strong heading into 2018.



Acadia shares have started rising once again, and the momentum going into the new year is a welcome sign. The last two years have been nothing but disappointment for holders of this stock, and perhaps with Nuplazid sales beginning to ramp up, 2018 is the year Acadia separates itself from its link to the ETF’s.

The stock has been starting to move higher and needs to rise above $35, to have a breakout, that finally takes the stock out of that long-term downtrend.


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Acadia’s Post Earnings Analysis and Oil Breaks Out – RTM from Michael Kramer on Vimeo.

Consumer Stocks

The consumer discretionary stocks have stalled out, with the $XLY stuck around $99.50, a move to $100, would signal a breakout.

A lot of the reason is that Amazon has stalled out, with the stock making up nearly 17 percent of the weighting in the ETF. The next most significant component after Amazon, sis Home Deport at 8 percent, followed by Comcast at almost 7 percent. Amazon will need to lead this group higher in 2018.

XLY Chart

XLY data by YCharts


Energy stocks are starting to come back to life as oil continues to rise, and the Energy ($XLE) has rallied by 5.5 percent just since mid-December, with Chevron being a big part of that, surprisingly Exxon ($XOM) has not participated.

XLE Chart

XLE data by YCharts

Exxon makes up about 23 percent of the XLE, while Chevron makes up about 17 percent. Without Exxon participating it is hard to image the rally has much legs. But if Oil continues to climb it would seem Exxon likely gets involved, even though it has a substantial natural gas component to its business.

That’s it!

Read Our 10 Monster Predictions For 2018

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Michael Kramer and the Clients of Mott Capital own shares of NFLX, ACAD

Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future.

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Tags: #biotech #netflix #consumer #stocks #roku #oil #energy #exxon #amazon #chervon