Netflix Earnings Winner -- Nick Santiago 1-24-24 #558
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Netflix Earnings Winner -- Nick Santiago 1-24-24 #558
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Description
1. Earnings season is underway. Netflix (NFLX) reported last night and that stock is a big winner this morning trading higher by 13%. Texas Instruments (TXN) on the other hand...
show more2. The small caps were lagging a little today. The Russell 2000 Index (IWM) was trading lower by 0.20%, but now up 0.25%. Outside of that the major indexes seem fine and continue to ramp up almost every trading session.
3. Gold is declining a little today trading down about 0.30%. The precious metal is still holding the psychological $2000 level. Traders and investors like myself are keeping a close eye on the pattern that forms over the next couple weeks. If you have a long term outlook then there is nothing wrong. In the short term I continue to see choppiness.
4. Bitcoin is trying to catch a bounce after hitting daily chart support. Last week, I pointed out that a pullback was underway and the $39,600 level would be some short term daily chart support. That support level was pierced yesterday and today the popular crypto is catching a bid. Remember, nothing goes down in a straight line.
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Organization | Kerry Lutz |
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