The most closely-watched earnings this evening was that from Netflix, and so far the reception is very warm.
Assuming this push holds, it means a clean completion of its multi-month basing pattern, which is sure to egg on the “buy the dip” crowd, since purchasing NFLX at a more than 75% “discount” has paid off.
The lifetime chart shows how cheap NFLX was relative to its long-term channel.
