PRE MARKET

FB up strong on 8% earnings growth but beat the lowered estimates.

AAPL hardly beat lowered estimates on a 5% sales drop.

That’s just two stand outs. There are others.

Never ever ever ever ever underestimate the Fed.

The market turned on our fed turning. China adding. Japan still printing with negative rates. Europe still negative rates with talk of adding more QE. ..and on and on and on.

Most importantly, everything held the 50 day average in the past few days as Bernanke (Jay Powell) blah blah blah easy money yesterday.

FB, MLNX, UPS, MA, NOW, WYNN gapping up.

MSFT, V, DWDP in the DOW gapping down.  TSLA, CRUS, RTN gapping down. And still a ton of earnings to come.