Earnings Begin

Today Earnings season begins which should bring volatility and volume to this market. Friday saw another up day on extremely low volume as the daily CCT registered +25 taking the total to -187 which is still technically oversold but has come down quickly after last weeks rally. Remember to be very careful around key earnings releases this week as the swings can be severe and it is hard to handicap risk. Also, our intermediate trade on the advisory is up over 40 points as of this writing as we went long at 1026. If you are interested in the advisory service, please call my office or send us an email.