Daily analysis-20Jul2022

What a nice day. $Netflix(NFLX.US)$ has released a nice earning with a better forecast (totally slapped my face, which i thought most companies will announce a worse forecast instead). Although it has lost almost 1 million subscribers again (expect 2 million subscribers to leave three months ago), but the forecast saying they will gain expect 1 million new subscribers to join in the third quarter, with revenue forecast to grow to $7.84 billion from $7.48 billion a year ago.

Here are a few nice articles related $Netflix(NFLX.US)$ earning to read:

https://www.thestreet.com/markets/netflix-beats-q2-earnings-forecast-losses-970000-subscribers?puc=yahoo&cm_ven=YAHOO

Let's look on some charts:

$Netflix(NFLX.US)$ is consolidating, and moving sideways. The MA30 is still far from the the current price, and the slope is moving downwards. I won't buy it at this moment. Shall continue to let it settle down and close the gap between MA30 with the price.

Next, lets have a quick glance on $SPDR S&P 500 ETF(SPY.US)$ :

Let's look on $Crude Oil Futures(JUL4)(CLmain.US)$ again. Last week managed to close below MA30, but now it is testing it again. If it bounces below, it is a very bearish move and I will short $Energy Select Sector SPDR Fund(XLE.US)$ at 65.

$Alibaba(BABA.US)$ is now testing the MA30 again- we shall see if this time it can break upside with a convincing volume.

$Netflix(NFLX.US)$ gives a good start for the tech earning. Next week will be more exciting!

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