FANG: 2 wins 1 loss

The Dow ended the day with a new all-time closing high thanks to Boeing (BA), which hit an all-time itself as a result of blowout earnings and a raise in it's full-year outlook.

The S&P 500 joined the club and eked out a new all-time high as did the Nasdaq 100. The big news was Facebook (FB) earnings after hours, as this would be key to keep this relentless rally going.

Netflix (NFLX) hit it out the park last week and the stock hasn't looked back since. Google (GOOGL) on the other hand did not fair so well and the stock continued to shed a few more points today after yesterday's earnings selloff. The interesting thing is the strength of this market though. Once Netflix killed earnings it gave a lift to the entire Nasdaq that Google's miss could not slow down. A constant drift higher. Any big earnings miss and the Nasdaq simply pauses until another beat (Facebook for example) that takes it to the next leg higher.

Facebook (FB) earnings initially had the stock experiencing a vicious knee-jerk sell-off, taking it down to the 158's from a close of 165.61; however, that proved to be short-lived as the stock starting fighting it's way back to green prior to the conference call. Once that came, bulls were off to the races and the stock ended up well beyond 170.

Things are looking good for the bulls going into tomorrow, we'll have to see if Facebook (FB) can keeps it's earnings though. With Amazon earnings on deck tomorrow, 6000 seems like a given on the Nasdaq 100 if they beat, as the Futures are already around 5970 at the time of this writing.