Waiting for the Earnings Onslaught
The indices continue to hold up well as we await the onslaught of major earnings reports tonight. There is a bit of a divergence developing, as I'm seeing a fair amount of profit-taking in select small-caps while financials and old tech exhibit relative strength.
I suspect there are some bears itching to be more aggressive with shorts, but they are holding off until the earnings news hits tonight. With a market that is technically extended and with expectations fairly high, the likelihood of selling increases....82 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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