Closing Brief

US indexes closed with moderate gains, sp +7pts @ 1871. The two leaders - Trans/R2K, settled higher by 0.7% and 0.4% respectively. Near term outlook offers minor downside (if at all), but with the sp'1900s seemingly a given..within a few weeks.


sp'60min

Summary

*awaiting NFLX earnings...will update as necessary.
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So, a pretty dull day, Indeed, I'm kinda bemused that the US market even bothered to open today - whilst much of the EU was closed.

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Have a good evening
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more later..on the VIX


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4.04pm.. NFLX earnings.. reasonable... but the stock is unstable...+4%... -2%..now +3%.

4.14pm.. NFX +6%..and there remains very viable upside to the 375/85 zone tomorrow/later this week.

Certainly, it remains one of the cheaper things for the average USA/European consumer to subscribe to, and I'm still bemused how little their charge per month.

I'd have little doubt they could ramp prices to $15 a month, and most would still pay.