NFLX - jumps into the big gap

With earnings coming in better than expected, Netflix (NFLX) jumped sharply higher at the open, settling +17.3% @ $409. If the broader market continues higher across the spring, NFLX looks set to break the Sept' high of $489... with sustained action in the $500s.


NFLX, daily

Summary

Little to note in terms of the earnings numbers
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In terms of price action, equity bears had the entire second half of 2014 to break a new cycle low.. and they failed.

NFLX could easily see a few days of chop after such a large single day gain, but in any case... the broader trend looks very bullish into the late spring.