Great news this week from Intel, IBM, and now Google has absolutely smashed the number analysts were looking for.

$4.42 was the estimate- the whisper number was $4.38 (lower, which is weird)- the real number was $4.84 on $3.7 billion in sales.

If after hours trading, the stock is up nearly $50 – wow!!!!!!! Talk about a short trap- I assure you there are some short sellers that are getting absolutely mauled on this news. The Bear just isn’t growling as loud as he was in February. Unlike mortgage, finance, and banking, its nice to know the world is not coming apart in tech land.

AMD also out with numbers after the close- losses were worse than expected, and the stock is up- imagine that.

On the slightly negative side- bonds are getting killed as money is running back into stocks- that is not good for most of us as it means interest rates are headed up.

In micro land- we had a great day with SPKL- the stock traded back above the $1 level today and closed at $.95- good stuff. Same store sales growth is quite remarkable in this environment. It was the highest volume day in 2008. In all likelihood this stock has made its bear market bottom at $.70- right now, a prudent trader should pounce on this stock in the $.85 range. Not sure it will get there, but if it does- be ready.

NIHK perked up nicely yesterday, but gave back some of the gains today. More on this one in the weekend edition. The press release associated with the earnings predicted the company would turn profitable in Q4- this is a good candidate to start waking up.

PNWIF continues in its endless coma in a news vacuum. Guys- get some updates out.

I noticed TTGL put out a 10Q with no press release. $21 million in cash, but $31 million in payables- big trouble there. Probably a good idea to be out if you aren’t already.

EFSF holding above $.20. Hallelujah. I’ll take any small victory I can get after Q1.

This is all pointing to a better market environment ahead.