The Eurozone is suffering from restricted growth according to the European Commission which now forecasts that 2014 growth will be 0.8% overall for the 18 countries in the currency bloc. This is well below the earlier forecast of 1.2% growth, which was already low.

This week, Phil discusses earnings, the end of QE, and the economy. Phil also offers several trade ideas.

This NASDAQ stock is growing exponantially, will have an annual revenue of $36 million based on latest quarter.

The strong results were able to push IT sector growth up to 5.0% from the 4.7% earlier in the day.

CMG continued its growth story, outpacing the year ago earnings numbers by 49%, and the revenue numbers by 31%. Comps increased increased 19.8%, but lowered expectations for next year impact price after hours.

IBM's 80-point weight on the Dow disappointed some but that was no problem for the index-pushers who needed the S&P 500 to tap its 200DMA.