01/22/2013 Live Update

[MrMiyagi]

Bring on them earnings folks.

[Al_Dente]

[deeko]

we closed the SPX at Demark blow off area. I think the count is at least 13 days, which should signal exhaustion according to Demark. that said, there is another huge buy imbalance being reported by some prime brokerage trading desks.
The shift from bond mutual funds to stock mutual funds is persisting and might be the start of something more substantial. Time will tell.

[Al_Dente]

•GOOGLE 4Q REV. EX TAC $11.34B, Exp. $12.36
•GOOGLE 4Q AVERAGE COST-PER-CLICK FELL 6% VS YEAR AGO
•GOOGLE 4Q EPS EX ITEMS $10.65, EST. $10.50

[Al_Dente]

[kenttown]

VIX close red

[skittlesmds]

Looks like more up tomorrow but we have to wait until conference calls are over to make sure there is no bad guidance and/or comments.