TMTB EOD
Good afternoon. A bit of an early and shortened note today as I am traveling today - will have TSLA + NOW + IBM recaps later today or tomorrow AM (price movement below might be a little off as am writing this before the close). QQQs rose 60bps on the back of some good large tech cap reports. First day of earnings pointing to solid price action following beats with NFLX + 11%, ASML +9%, SAP +7% but market action wasn’t exactly comforting. We recommended closing our NFLX long straddle trade we pitched this weekend to TMTB Pro Tier subs early in the morning in our TMTB Chat with stock +13%+. Lots of good discussion in the chat today so I recommend you check it out if you haven’t yet. Given sell-off in rest of the market today, it will be interesting to watch if we get any follow through in these names over the next couple of days.
Keep reading with a 7-day free trial
Subscribe to TMT Breakout to keep reading this post and get 7 days of free access to the full post archives.