Another solid ground for Dow

The indices managed to hold their ground despite the sell off that happened in Asia earlier today.
With the Asia sell off, Europe and USA still held strong and ended today in flat area.

The Nasdaq ended up being lower by just a mere 5.15 points, while the S&P ended lower by 1.77 points.
The alter effect of YHOO still linger and dragged the Nasdaq lower.

What the market today was more a indecisiveness than a consolidation move. Let's see whether the market breaks the yesterday high and close it there or ended up in a correction.

The more the market rise without a pullback, the harder the pullback will be. We have been rising without significant pullback, and I would like to see one before I start buying the dip into the next bull leg.

After hours activities highlight GOOGle earning release. GOOG did well by exceeding analyst estimation. GOOG reported 3.68 EPS vs analyst' 3.30 EPS. Stock is up as much as $10 from the day close of 471.65.

Let's see whether GOOG earning will drag the futures up significantly tomorrow.
I personally think that the three DOW and S&P members: Catterpillar INC (CAT), Pfizer Inc (PFE), and Mc Donalds Corp. (MCD), will set the tone to the futures trading tomorow. All will release earning before market open and should set the sail for early hours.

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