Underlying S&P target reached for today? Dip buying opportunity for the institutional asset managers....
NFLX reports tonight. Do not go by this, but I think it will drop below $580. And if it does, it'll take the markets with it. So, not a prediction, but certainly a heads up if any of you have an open position after 4PM et. And if you're trading in and out around that time, just know, the move will be swift if it happens.
The flip side of that coin, it is one of the most loved stocks out there by the institutional folks, so if they come in with spectacular #'s on subscriber growth and it explodes up, then this recent selloff will probably be halted for now.