GOOG Surprises in more than 1 way

We were expecting GOOG earning after the bell today, in yesterday's update I mentioned this parabolic move in GOOG, like the rest, isn't going to end well...

I also showed a lot of price only, MoneyStream and 3C charts that showed clearly, something has changed with GOOG.

Well GOOG came out early today and reported there are more details at the link.

Profits fell 20% as costs went up and advertising down.

Why GOOG reported early, was it a mistake? There are some signs it was, in any case, I don't know , but the core short in GOOG was about 2/3rds a full position, there was obviously something changing in GOOG, this changes the market complexion a lot. I'll need to keep a close eye on the market as we expected bad earnings, but this is really bad.

It's very hard to say if there was a leak because this negative divergence was present in GOOG on a 5 min chart RIGHT BEFORE earnings were released...

GOOG 5 min negative divergence.

It's hard to say if there was a leak because if you recall, the SPY 5 min chart didn't look much different.

SPY 5 min