Thank APPLE and FB for today's bump in the Qs. Otherwise it would have been close to a net neutral day. We're kind of in the momentum doldrums here as earnings season closes, with the bulk of reports at or above analysts' estimates (for what ever that's worth) and now the market's in search of the next catalyst. Oil continues to make new highs and utilities and bonds continue to surge.
We're still of the opinion that next week may offer better entry opportunities than Friday.