EARNINGS!

The stars have been aligned for the bulls as the technicians and blue chip earnings have helped to push this market higher. We do have Google reporting after the close today and this could potentially push the market higher. However, we are into the 8th up day in a row and I believe that this market needs a correction to stay healthy. The daily "Cook CCT" is at the high for 2010 at +254 which means that we need to serious minus tick readings to hit this market to balance out the short term overbought reading. Remember that this is expiration week and I believe the next two trading days will ebb and flow better as the manipulators are not participating during this time.