Monday 21 April 2014

2pm update - the tedium continues

Equities are largely acting like the market is still closed. There is little of note, the only notable thing to look forward to are NFLX earnings. Daily charts are offering upside to the $375/385 zone - around 10% higher, - so long as earnings come in somewhat above market consensus.


NFLX, daily


Summary

Very lacklustre day.

For those in options land, it is notable to see another 10/20% of premium knocked off May/June puts. Those bears holding short across the weekend are having a real bad day, even if the indexes don't look so bubbly.
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