sp'daily5
Nasdaq
Trans
Summary
Aside from the price action in Microsoft (MSFT), it was a very quiet opex.
It has to be noted, considering the very significant earnings misses in MSFT and GOOG, the indexes held together exceptionally well. A few years ago, such results would have seen the dow fall 200/300pts...but no....not in the current QE supported market.
Underlying price momentum remains extremely strong to the upside, and the bears are going to have a real tough time halting the rally...never mind actually starting a new down cycle.
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*I remain entirely on the sidelines.
a little more later...