Earnings Weigh On the Market

The first round of mega cap tech earnings sparked selling.

PRE-OPEN MARKET COMMENTS WEDNESDAY - The last leg of the market rally has come on light volume and that is a sign that the level of conviction at this level is low. It is not necessarily bearish, it just means we need to tread cautiously during major news events. Mega cap tech stocks have accounted for most of the S&P 500 rally this year and these earnings announcements will determine if the market pushes higher or if it will roll over.

Daily Bulletin Continues...