look at CSCO. it is the most important ER for this week. Signalling the Nasdaq trend. Techinically speaking, MM is building a bottom for CSCO.
For the past two weeks, MMs were shrugging off all good news and even trying to digest them to bad news. They were trying to kick all "holders" out of the market. Nasdaq is trading below 200-day average now. Signifying a lot of "holders" sell off because they set the "stop losing point" on 200-day average.