Despite reporting earnings that are in-line with expectations, traders don’t seem to be impressed. While companies like Ford (F), which guided higher, are being celebrated, firms like Netflix (NFLX) that simply met expectations are getting hit, with NFLX dropping some 8% after its report.
Wade Hansen takes a look at how earnings are weighing on this market and why he expects a pullback – and he tells you how low the market could go in the near term.
InvestorPlace advisors John Jagerson and S. Wade Hansen are co-founders of LearningMarkets.com, as well as the co-editors of SlingShot Trader, a trading service designed to help you make options profits by trading the news. Get in on the next trade and get 1 free month today by clicking here.