Watch for the Netflix knee-jerk reaction in the markets. Note how many stocks have opened positive but immediately started trading lower. Also keep in mind that the nature of this market has been very indecisive. This should lead to some suspicion that there still is not any great bullish/bearish conviction in the markets. It will be important to see how the indexes close today, especially in reference to the T-line.
October 18th Daily Market Comments
Watch for the Netflix knee-jerk reaction in the markets. Note how many stocks have opened positive but immediately started trading lower. Also keep in mind that the nature of this market has been very indecisive. This should lead to some suspicion that there still is not any great bullish/bearish conviction in the markets. It will be important to see how the indexes close today, especially in reference to the T-line.