Technical Analysis

S&P finds sellers forward of the 50 day MA (once more)

The 50 day MA is available in at 2626.53. Excessive reaches 2625.50. Netflix is the primary main tech agency to report after the shut. 

The S&P moved to a brand new session excessive at 2525.50 however nonetheless couldn’t breach the 50 day MA at 2626.58 (one level brief).  A transfer above targets the 50% at 2643.

After the shut Netflix will report earnings.  They symbolize the primary main excessive flyer to announce within the earnings season. Earlier this week, they introduced that they are going to enhance the value for his or her subscription service to $13 from $11.  Because the December 24 low, the value rise to the current excessive bounced 55.19%.  Man…..  The value is above its 100 and 200 day MAs at $317.87 and $334.08.  Purchase the rumor. Promote the actual fact? 


Under is a have a look at the key earnings bulletins for subsequent week.  The yellow highlighted releasess are for corporations within the Dow 30.


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