Coach Mark here.

 There are no shortage of negative headlines weighing on sentiment right now. The war in Israel, yields hitting multi-year highs, continuing trade war like action between the United States and China…not a basket of sunshine and roses out there to say the least.

It was a nice to get a tad of positive news as we head into the new day with Netflix up significantly pre-market after reporting they added 8.8 million subscribers during the last quarter. This was a big number and more than triple the number gained during the same quarter last year.

Now is Netflix enough to turn the market around? Of course not. But it is a reminder that amid what seems like an endless string of negative news that there are companies running their businesses very efficiently and showing success. At a minimum this puts these types of companies on the radar and if earnings season strings together enough of these stories…well that is the things rallies are based on.

Chart of the Day: NFLX (NFLX)

Gap up create difficult trading patterns in the immediacy of earnings but can often provide some quality trading opportunity as patterns form in the weeks to come.

Today’s line up

Traders Lounge 11 AM EST

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Cashflow Club 8:30 PM EST

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Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only the coaches at Tackle Trading can deliver.

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