Nasdaq: +16.93… S&P: +4.00…
Netflix reported its biggest quarter in history after the close and the stock popped about ten bucks in after-market trading. If you were long then congrats, if you weren’t, well, stocks are like taxis, another one will come along soon. The quarter was good, but the forward guidance was really good, so we should see some upgrades and follow through tomorrow.
By the way, if you haven’t seen Peaky Blinders, Narcos, The OA or The Crown on Netflix, you are really missing out. For the most part, their original content is spectacular and is every bit as good, if not better than HBO and SHO.
Biotech acted a little better today as IBB and XBI held moving average support levels. As always there are some movers and shakers in this space regardless of hte market and today I added ICPT.
As you know, I have this on the P&l with a 118-119 trigger buy, but the stock is showing signs that it may want to get going, so I added it here. If it can get above that lateral resistance line I think we can have some fun.
See you in the morning.