Earning Breakdowns $NFLX $IBM and more
Tuesday Market Video - $FB $GOOGL $AMZN $TLT $XLE and more
Yesterdays early weakness morphed into afternoon strength. When have we seen this before? Buy the dip, rope a dope, whatever you want to call it, these morning pull backs have been great buying opportunities.
Yesterday morning $GOOGL was red. It was lower. The stock was hanging around 795-796. It had been weeks of stagnant action for Google.
After nearly 1.5 months of dull summer market action, we now enter September bored and expecting more of the same. At least that is what the option market is expecting. One thing we know about this market, it has a habit of doing exactly the opposite of what the majority is expecting. More boring trading action in September you say?...... I beg to differ.
On Friday the stock market traded nearly its entire August range. The $SPY moved almost $3 from top to bottom, and recovered much of the downside into the close.