Fast money starts right now live in the NASDAQ market site overlooking

New York City's Times Square. I'm Melissa Lear. Traders on the desk are Pete

Nigerian, Tim Seymour, Steve Grosso and Guyadami. Tonight I'm fast a number

of big earnings reporting moments ago.

Ford, Las Vegas, Sands, Texas Instruments, all on the move.

We are monitoring those conference calls.

We'll bring you the latest details.

Plus, stocks in a game of a tug of war but a top strata just says don't worry

there is one chart that points to a rally this year but we start off with a rally

that almost was the earnings euphoria fading today as big moves from IBM United Technologies

in P&G fueling an early morning rally the Dow jumping nearly 300 points before

shedding those gains so there is one key leading indicator that we want to pay attention to.

Netflix, so stock falling again today, now down nearly 10% since its earnings report last week.

This is a trend remember that we saw back in October.

Netflix spells 17% in the month after its earnings report

then the market followed suit in the months afterwards.

So, are we seeing the same move again

is Netflix, the Canary in the coal mine guy well I think it

might be and Steve's pointed us out since the fall if you go back as you mentioned

that report in October the stock initially went higher, reverse went lower,

within a couple weeks the S&P followed.

I think that's what's going to happen now.

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