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Netflix shares surged after the company dropped its bid for Warner Bros. Discovery, triggering a massive technical breakout. Traders should monitor key resistance levels and risk management zones as the stock gains momentum.

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Alternative measures of Q4 output including GDO and GDP+ point to a 2% annualized growth rate, signaling moderate economic momentum. Current nowcasts for Q1 suggest a stronger acceleration ahead, with estimates reaching as high as 3.4%.

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A potential double bottom could trigger a massive squeeze as markets maintain their bull trend. High volatility is expected for month-end, driven by Nvidia (NVDA) and PMI data. Buying pullbacks remains the key strategy for Friday.

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