A mostly uneventful day for the market. Netflix (NFLX) recovered some of its losses from its morning gap, finishing down only 5% to $266.91 off its low of $251.46. Baidu (BIDU) gapped to fresh all-time highs off its positive earnings, and Amazon.com (AMZN) is up right now in after-hours trade just over 6% to $227.60 after impressing with its earnings.
Trend Table
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Long-Term | Up | Up | Up |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
