Wouldn t you know it!

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Wouldn t you know it!

As the second half of baseball season gets underway, we saw some serious action in the second half of yesterday’s trading. Markets pared gap down loses and were trading steady on the day by the noon lull. Green was the prevailing theme for the afternoon. It may as well have been St Patrick’s Day! This type of price action is important during earnings season. Financial Intelligence Training student will know how I preach about reaction to earnings and not just the numbers. Yesterday’s initial reaction to NFLX was about as ugly as it’s going to get, but as the day moved on “wouldn’t” you know it, we had a change in direction! Unlike in other circles, this change of stance is acceptable and welcomed behavior. Still a long way to go in this season, so stay tuned!