Earnings season is now under way. Last night $NFLX reported earnings and hit a new record high, but the move was well under the move the market was expecting. This morning the stock is set to open marginally higher, giving the option sellers the win on both sides of the chain. Historically Netflix has offered some tremendous out of the money trades into the report.
Tag Archives: morning thoughts
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Morning Perspective
The bears are right once again. They've been' right' every single dip all the way to new record highs. Don't get me wrong, I'd be cheering loudly for this bull market if it wasn't built upon the backs of future generations. But price is price, and price has been heading higher for over 8 years, market crash pundits be damned.
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Pre-Election Euphoria
After 9 consecutive sessions of losses the market is set to turn things around in a big way. S&P500 futures are up over 1.4% this morning, fueled by the FBI clearing Hillary Clinton, yet again of any wrong doing in their freshly re-opened investigation. Curiously enough price action has come back to those case re-opening lows this morning before pulling back.
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