This afternoon was all about AAPL and YHOO earnings. WHile we weren't looking AMD, CA, RFMD, FIO, TQNT and others also posted earnings. CA was quite good. FIO not so much. You will have to pick your focal point or it gets a tad overwhelming. "Holy canoli" was MCC response to AAPL earnings. Expect a positive reaction in both AAPL and the QQQs.
Tonight we have the State of the Union speech, and a large group of earnings before the bell tomorrow morning. But the big deal tomorrow will be the FOMC release mid day follwed by Bernanke press conference during market hours. And then there is always Europe floating around in the background .....