BULLISH EARNINGS RALLY INDEXES!

Netflix kicked off earnings with a bang early this week beating by over $1 EPS on the current quarter. This was approximately 50% over the estimate. More importantly subscriber growth was up versus the last two quarter where it declined. This resulted in the stock rallying 12% today. ASML the semiconductor lithography company beat earnings as well and rallied 5% today. This evening Lam research beat and raised guidance. They did mention there is the potential for a shortfall due to China restrictions. The shortfall could be between 2-2.5 billion dollars. The stock traded up and then on the announcement lost most of its gains. The earnings across various sectors are good. It’s possible a lot of CEO grossly cut forecasts so that they could have good quarters to show they are steering the ship through tough waters. Next week we see the heavy weights release earnings. AAPL ,GOOG ,AMZN ,MSFT all release next week to names a few. The indexes are holding ground despite the 10 year bond trading well over the 4% range closing at 4.11% today. Even interest rate sensitive sectors such as utilities and real estate held ground. This is a good first step. The energy sector may have finally found some solid ground as well. It is becoming clear to the current administration that we must increase capacity. We are seeing several names setting up to break out in the space. Overall the indexes are at key levels and are marked on the charts. There are several ideas setting up and Tesla earnings are behind us after this evening. Tesla has the most potential to move the indexes. We address this in tonight’s video as well as NFLX and several other names. the link is below. Let’s get to it!

Let’s Look at our Indexes!

Let’s Look at our Stocks! - Now that earnings are coming out and we will be adding more names. Most of the names have been trades for 1-3 days. With the stabilization of several sectors longer term holds may become more fruitful again.

Tonight’s daily Video. Key Levels on TSLA NFLX and several others for tomorrow as well as the key levels on indexes and what to watch out for.

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