Stocks have seen some wild swings the past several weeks, but as far as I'm concerned every bounce is shortable as long as we're talking about stock indexes. As always there will be pockets of strength, and apparently Buffalo Wild Wings (BWLD) is one of them as it hits a new 52-week high. Buy call spreads or selling put spreads is a way to play BWLD. Options are thin on the name so these types of pays require patience and some work as the spreads are wide. Netflix (NFLX), on the other hand, glaringly underperformed in a very strong tape and could retest the lows. We also look at some technical signals that can help you estimate market tops and bottoms -- something that will be even more critical moving forward.
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