Does a gap up in a stock like NFLX warrant a rally in the whole market? Definitely not, but think of the environment of investor sentiment. Even as an investor that may not be investing in Netflix, seeing that everything is working great in that stock, a stock that is in the investment limelight, and that it is showing good bullish news as well has strong price movement, does that influence confidence or doubt in what all other stocks might be doing?
April 17th Daily Market Comments
Does a gap up in a stock like NFLX warrant a rally in the whole market? Definitely not, but think of the environment of investor sentiment. Even as an investor that may not be investing in Netflix, seeing that everything is working great in that stock, a stock that is in the investment limelight, and that it is showing good bullish news as well has strong price movement, does that influence confidence or doubt in what all other stocks might be doing?