Hello Everyone,

Facebook is trading down pre-market to the 76 area from it's close of 80.77 on earnings announced after the close yesterday. Company said revenue for the fourth quarter would be below consensus while expenses are tracking higher.

VIX  17%   BELOW 10 ma       RSI 26.36    SELL

MARKET Trend:     UPTREND

Put/Call ratio .67        Above 1.20 Bullish, Below .40 bearish.

Fed ends two day  meetings today on policy statement.

U.S. crude oil inventory data out today.

Earnings out today: WLP,PSX,KRFT,MET

Dow Futures: +12 points     Oil 82.42  +.99

Have a great trading day.