This is how you see the response of the market towards good news:

1. Intel 4Q earning up 875% (14th Jan)
The stock rose prior announcement but saw huge selldown after the announcement.
And it’s dropped around 10% from the day of announcement.

2, Apple 1Q earning up 150% (25 Jan)
Stock rosed briefly on the date of announcement but closed unchanged.
It starts to fall the next 3 days on heavier than average daily volume.

3. Microsoft earning up 57% (28 Jan)
Stock rose briefly to 29.90 but closed -3.36% on 3x average volume indicating fierce selldown.

Most technology bellwether saw the earning above estimate however the market punished those stocks.
Last Friday’s announcement of US GDP grew by 5.7%, the fastest since 2003 only managed to keep indices to stay positive for first 2 hours before the continual selldown.

The dance in the market sounds to me like bear tango instead of one step down, two step up bull-salsa.
The key of profitability is to dance the music played in the market.

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