- The big news for the day as Netflix raising $1.5 billion in unsecured junk bonds to fund their projects (shows). This is a negative equity move and surprisingly it went up before dropping 15 at the low of the day. I made money on the short move up and could have made more on the way down, but I got out way too early. Being part of FANG, Netflix could have positive movement after Google earnings release after the bell, but I believe it has further to fall over the next couple of days.
- Apple started higher along with most of the Dow Industrials, but finished lower unlike Verizon which still ended up prior to their earnings report Tuesday morning. I feel the report will be good but something in it will cause a change in direction in share price.
- JP Mortgan started up and came down sharply before moving sharply up to end down. Interest rates were up again today which I believe JP Morgan and the banks will exhibit the same trading pattern over the rest of the week and end on a high note. I received a text message today when Citigroup (C) fell below their 15 day moving average which I have seen as a buy sign for JPM.
- Interest rates being up 2 days in a row indicates to me that they won't be as big of a deal as long as they don't go higher and the market will be up for most of the rest of the week. Alphabet (GOOGL) positive earnings report will help drag the market higher and push the Bull Rally forward especially with Boeing and Amazon adding fuel to the fire for the rest of the week.
I am day trading with Options of stocks and have noticed tendencies and have decided to note them into this blog. At this time the information is free to use, but you should not rely on it for sole purpose of trading as I accept no responsibility for what you do with the information. I do encourage comments on what you see. Please follow me on Google+.
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Monday, April 23, 2018
Monday Market News
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