Some intereting market behavior

The market dipped a bit in AH when GOOG missed, but GOOG doesn't seem to be having the impact one might suspect as the market has regained some lost ground in AH, furthermore, our last market update showed some consistency in positive divergences, I don't know if this has to do with BAC tomorrow a.m., but rock, paper, scissors (GOOG vs BAC), it doesn't really add up, so it seems like something else may be in play, what that is, I don't know yet. Like I said in the market update, the accumulation has been of short duration, but we can't rule out the possibility that it's just started, which would make for a very interestingly volatile market as earnings continue to most likely come in worse then expected, but something behind the scenes may want to push the market higher. There's dozens of possibilities I could rattle off both semi-bullish and bearish. For the time being though, there is that positive divergence that developed today and GOOG came in short on earnings as did JPM and AA, both of which have been crushed since reporting. So it may very well be ( at least in the short term) a stock pickers market.

Don't get too worked up one way or the other though about what I just said, we have 1 day of presumed accumulation and 3 major stocks that have blown earnings and we haven't even really gotten into the heart of the margin squeeze stocks yet. In any case, as we saw with GOOG today, I think you need to be ready to move fast. Check out the video on GOOG at Trade-Guild, the volume on that EOD move up was incredible, they really socked it to a bunch of retail. I don't think I've ever seen a stock as big as GOOG reverse character so quickly throughout 15 min charts, but with the volume that was flying around, I can see how it was possible.