joining us now for trader talk, todd horwitz of average joe options. good morning. - good morning, angie. - did the fed cause traders to hit the pause button? - the fed did absolutely nothing. yesterday's news was just a repeat of what they said six weeks ago. the markets broke six weeks ago, rallied all the way back, and now we're up against a resistance level, which i would think would be a much better selling point, but the overall fanfare and buildup was a big nothing. - is china setting the tone for the market? - china is always a problem. the problem with china is you never get real straight information from them. but certainly if they start to have trouble and start to show it, that can certainly put a little bit of a fly in our ointment here. - coming up on friday we have earnings from j.p. morgan as well as wells fargo. will these be bankable profits? - you know, i think they are going to have real nice profits. throughout the entire process, what they had was the ability to borrow money at 0% and give it back to the u.s. government at 2 or 3%

here to read the charts on netflix and apple is todd horwitz of average joe options. good morning todd! - good morning, angie. - netflix shares fell about 6% last night on mixed earnings news. what's your take? - they made on the bottom and they missed on the subscriber amount, but the expected range was $37 per share. so, it's fallen well in between that range. i think you're looking at a stock that's up over 500% this year, and it's also up over 20% in the last couple of weeks. so it's no wonder it would have a little bit of selling pressure. but let's see how it plays out the rest of the day. - what would be your buy price on netflix? - i would look to trade it at maybe $235. i'm really not looking to be a long-term owner of this stock. i think this stock has far too much risk for my taste in the long-term, but certainly, as a trader and to make a trade, i would certainly be willing to make a trade on it. - apple earnings are on tap for today. do you anticipate any major moves? - you know, i would tell you that on apple's earnings, the stock has been in a solid down

todd horwitz of average joe options is all over the trading market for us this morning. good morning, todd. - good morning. how are you? - i am doing wonderfully well. what about comments from the fed. stocks moved higher as ben bernanke was on capitol hill yesterday. what will it mean for today's trading? - you know, i don't think he said a lot, and he's still got another full day of testimony today. i think yesterday he accomplished exactly what he wanted - a market that had no volatility and low volume and is really just kind of stuck in the middle here. i think that's what he's trying to accomplish. why the fed is trying to trade the market, i don't know. - ben bernanke has made it clear to all about the labor market. so does that mean you pay extra attention to what's happening with jobless claims out today? - no, i don't think so, because i think that ben bernanke and the fed keep changing what they're looking for and deciding on how they want to taper, and i don't think they're going to be able to taper so quickly, because i think they backed themselves into a corn