NASDAQ at records as Netflix soars… and why traders lose money

by

After yesterday’s rally, trading was relatively quiet today.

The major indices opened slightly higher. But the DOW went nowhere and the S&P bounced around in the morning before trading in a 6 point range for the rest of the day.

It was a choppy mess except for the NASDAQ.

The tech index was helped out by a big move in Netflix (NFLX). After beating subscriber estimates and raising guidance yesterday, NFLX soared 10%. There were also nice moves in Amazon (AMZN) up 2.7%, Google (GOOGL) up 1.0%, Facebook (FB) up 2.2% and Adobe (ADBE) up 1.1% just to name a few.

— TRENDING NOW—

9 Stocks to Hold Forever

With individual stock selection now more critical than ever, this report is designed to bring you some of our top ideas for the year ahead.

One of the companies highlighted in this report controls the smartphone market and now has its sights set on owning a bigger technology.

It has the potential to be the most valuable stock in the history of investing. You need to find out the name of this company before the rest of the market does.

This Report Is Completely Free, Download Your Copy Today

Here’s where the major indices ended the day:

  • The S&P finished 0.2% higher. Up 6 points, the S&P ended at 2,839.
  • The DOW ended flat. Dropping 4 points, the DOW closed at 26,211.
  • The NASDAQ was up 0.7%. With a 52 point gain, the NASDAQ finished at 7,460.
  • Bitcoin was up 7.2%. Adding $752, Bitcoin is trading at $11,152

Crude Oil (CL) opened higher and settled above $64 for the first time in over a week. With a 1.4% gain, CL ended at $64.46 a barrel.

Johnson & Johnson (JNJ) was beaten up today after reporting a big loss from tax write-offs. JNJ ended the day with a 4.3% loss.

But on a positive note, General Electric (GE) showed some signs of life today. GE finished 4.5% higher today following a painful 6-day slide. GE reports tomorrow morning.

Traders will keep an eye on earnings tomorrow. A few of the bigger names reporting are Comcast (CMCSA), Novartis (NVS), and United Technologies (UTX).

Looking at the economic calendar we have Existing Home Sales at 10:00am ET and Crude Oil Inventories at 10:30am ET.

Source: RockwellTrading by Markus Heitkoetter | Original Link

— TRENDING NOW—

Your FREE 6-Video Series Cryptocurrency Masterclass is on Hold

This crypto millionaire recently gathered four regular folks like you in New York…

People who knew nothing about crypto currencies…

And got the cameras rolling.

And now he wants to send you the footage… FREE.

Click here to claim your FREE 6-video series masterclass on cryptocurrencies.

Leave a Comment