NAS Comp Marked Record Highs on Netflix ‘Spike’

NAS Comp Marked Record Highs on Netflix ‘Spike’

NAS Comp Marked Record Highs on Netflix ‘Spike’


A spike in Netflix(NASDAQ:NFLX) boosted the NAS Comp (QQQ) to a record high close Tuesday, while Goldman Sachs Group (NYSE:GS) pushed DJIA South as earnings take center stage on Wall Street.

The NAS posted its 8 consecutive session of gainers, the longest streak since its 10-Day string in February 2015.

The tech-heavy index was largely boosted by Netflix . The movie streaming company rose 13.5% to 183.60 a day after beat the Street forecasts by reporting 5.2-M new streaming customers in Q-2.

As Q-2 earnings season gears up, investors will focus on the performance of individual companies.

Goldman Sachs fell 2.6% to 223.31 after reporting a 40% fall in bond trading revenue and posted the weakest commodities results in its history as a public company.

Other widely held stocks were active after posting results.

The major US stock indexes finished at: DJIA -54.99 at 21574.73, NAS Comp +29.87 at 6344.27, S&P 500 +1.47 at 2460.62

Volume: Trade on the NYSE came in lite again with just 696-M/shares exchanging hands

  • NAS Comp +17.9% YTD
  • S&P 500 +9.9% YTD
  • DJIA +9.2% YTD
  • Russell 2000 +5.2% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.39) Bullish (0.35) Bullish (0.35) Bullish (0.46)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Bullish (0.28) Bullish (0.31) Bullish (0.38) Neutral (0.17)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Neutral (0.20) Bullish (0.33) Neutral (0.21) Neutral (0.06)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.43) Bearish (-0.29) Very Bearish (-0.55) Bearish (-0.46)

Stay tuned…

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