IBM Pain, Market News

• IBM opened down and leveled off 4 more points down after a disappointing earnings report yesterday afternoon despite beating estimates from what I have read. Funny think is that while IBM is down, Microsoft (MSFT) and Intel (INTC) were up to the point Microsoft is within half a dollar of its all time high and Intel made a new all time high today. 
• Spotify is expected to report earnings after close today and I expect it to be positive since they just went public with their stock a couple of weeks ago. This should drive Netflix in the same direction tomorrow. So if it is good, Netflix will hit a new high tomorrow. If it is not, expect a day like today. Spotify was up during today's trading which has shown to be a set up to drop after earnings are announced after the market close.
• Netflix and Google came down but traded within a predictable range all day. GOOGL opened at 1079, down to 1072, up to 1077, down to 1070, up to 1079, down to 1072, up to 1080, down to 1073, up to 1080, down to float around 1076 near close. I like this trading range from a day trading prospective as you have a clear defined trading range that it didn't break out of. This was held down because of the large run up yesterday and cautious reaction to IBM's call.
• Home Depot went straight up to 180 as they reports an increased technology presence very soon.
• Best Buy (BBY) and Amazon moved sharply up today on news that they will enter a partnership for selling televisions. This is very positive as Best Buy has matched Amazon on pricing for a couple of years which has given Best Buy a leg up with their ability to demonstrate features and have a great return policy. ROKU traded down on this news which makes no sense to me as ROKU devices are sold in Best Buy as well as integrated in many televisions sold today. I see this as being positive and possibly presents an opportunity to ROKU to incorporate Alexa into their devices with their own partnership with Amazon.
• JP Morgan and the banks were up quickly and dropped drastically after the first half an hour. Sharply is a dollar! The earnings reports from the banks have given temporary gains only being taken back and dropping lower although the percentage changes are not that substantial and I think you are wasting money if you are buying options to make money. American Express reported after market close today beating estimates, having a spike up and I would expect a drop in the first half hour of the market open tomorrow. That would be a great time to buy some PUT options on American Express at 9:45am on Thursday.