Hi Readers
So it appears that banks are making money while companies that produce are not meeting expectations.
This isn't a good thing people.
As for NFLX well there is a laugh.
Now the stock has a $500 price tag, you have to laugh but now the CEO is doing something smart..
Looking to stock split to expand the register is smart.
Something that just doesn't happen with NFLX.
There is probably a little more excitement on the stock before it comes back down to earth I think.
If results were good people, market would be running, but as stated previously, market looks fully priced.
So next move has to be down is my view.
As for the currency market we once again saw the $A dollar be a nice and easy trade during the week.
Not able to break the 75 level and then running all the way back up to the 78 area.
So where to next ? In that trading range is where the $A is going to sit until the U.S. GETS BACK INTO THE CURRENCY DEVALUATION GAME.
So be smart and take the trade when you see it and let's the analysts spin there crap.
As for the euro at the present time hard to see if the 105 level holds.
Disclosure
Short .......FB,TWTR
Short .......Hang Seng.
So it appears that banks are making money while companies that produce are not meeting expectations.
This isn't a good thing people.
As for NFLX well there is a laugh.
Now the stock has a $500 price tag, you have to laugh but now the CEO is doing something smart..
Looking to stock split to expand the register is smart.
Something that just doesn't happen with NFLX.
There is probably a little more excitement on the stock before it comes back down to earth I think.
If results were good people, market would be running, but as stated previously, market looks fully priced.
So next move has to be down is my view.
As for the currency market we once again saw the $A dollar be a nice and easy trade during the week.
Not able to break the 75 level and then running all the way back up to the 78 area.
So where to next ? In that trading range is where the $A is going to sit until the U.S. GETS BACK INTO THE CURRENCY DEVALUATION GAME.
So be smart and take the trade when you see it and let's the analysts spin there crap.
As for the euro at the present time hard to see if the 105 level holds.
Disclosure
Short .......FB,TWTR
Short .......Hang Seng.
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