THE CLOSE

CSCO not only beats by a penny, but they beat by two pennies and yikes the stock is trading up a dime in the after markets. I would like to know who exactly cares about CSCO's numbers besides the reporters covering them.

More importantly, I see FTO trading up over 6% today as the OIH and XLE were both down.

I mentioned earlier that the markets are getting a bit oversold here on a short term basis. I have not acted yet, but I may look to add SPY/QQQQ/SMH on weakness tomorrow.

And Happy Birthday wishes to The Graduate, Dustin Hoffman, who turns 69 years young today.