Tight Surveillance on Netflix

After multiple reversals early this morning, the trading session has taken on an amorphous feel to it into the afternoon. Small caps continue to lag, with the IWM having a rough go of it at the $108 level. 

Natural gas lived up to its reputation as being a heartbreaker, failing to build on any progress made in recent sessions with a gap down today. And names like BBRY and PYPL are just two in a whole host of stocks continuing to deteriorate, despite the market bounce attempt. 

Regarding the leaders, we are watching Netflix, below on the daily chart, with those "pinched in" Bollinger Bands likely indicating the next directional move is imminent. With AAPL FB lagging, this one is definitely worth watching closely.