MSFT beat on EPS, but missed on revenues and their Entertainment devices division (Xbox) was down 11% year over year. Guidance for 2013 was in line.
After a daily close with a Shooting Star (bearish reversal) candle with heavy volume, MSFT is trading down around -1.3% in AH.
AT&T just missed on EPS, revenue did beat consensus, they also reported activations of 8.6mn with 16% new to AT&T and talked about a $300 mn buyback. T is trading up+0.31% in AH after some initial volatility on both sides of the close.
SBUX was at consensus with EPS, revenues missed, they slightly lowered 2013 guidance. They expect margin improvement in the Americas and contraction in Asia. SBUX is up +0.46% in AH.
ES is more or less flat with the 4 p.m. close and has a slight positive bias intraday, but this is really nothing in the scheme of things and considering overnight.
NASDAQ Futures are also about flat since 4 p.m. and 3C is in line with the 1 min chart.
It's still going to be largely about the EUR/USD and the JPY to some extent, even though their currency destruction did nothing for exports as we saw this morning.
Around the time GS came out with their long EUR/USD "FREE" idea for the public, the pair went in to this triangle. Now GS has a $1.40 target so it sounds like GS has some EUR/USD to sell or they are shorting it, very possibly covering a carry trade.
If you look at the end of day attempt to ramp the SPX, yo can see it was driven by two things, first a move in the EUR and then the move above the SPX's close from yesterday which is first resistance. There was very little to no accumulation on that move so it doesn't look like there's confidence in buying here.
I'll be looking over the stats/ charts and also covering UNG and the Nat Gas report today in a little bit.
The one thing I kept thinking about today was selling the aAPL calls at a profit yesterday as AAPL took a crushing blow of over -12%
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