Netflix is going to hike the subscription fees from $9.99 to $10.99.
Why? Netflix claimed that the future would be about the original content. The company is going to spend $8 billion on its original content in 2018; therefore, it needs our money to fund the project.
Netflix is up more than 57% so far year to date.
Today’s rate hike news did not affect the stock price very much. I suppose $1 increase per month is insignificant to us after all.
The S&P daily chart does not look good for the bulls because it appears that a short-term correction is forthcoming. The S&P 500 has been stuck between 2,100 and 2,200 for quite some time. It has also been forming lower highs since August. The chart does not look particularly encouraging…
Overview SP 500 FUTURES consolidated below 4176 within a very narrow range. The bulls need to break the 4164 / 4176 resistance zone in order to continue pushing the price higher. To determine the trend, support and resistance, I use the Renko chart technical analysis and patterns for today’s analysis….
Overview Not very much has changed since last Friday. The market sentiment is still cautiously bullish even though more and more people expect the market to correct soon. In today’s SP 500 Futures Renko char, it is apparent SP 500 Futures closed at a all time high. It cleared the…