Earnings Season Kicks Off Tomorrow

Tuesday, July 07, 2009

Earnings season kicks off tomorrow with Alcoa reporting, the first of the 30 Dow components. Earnings season likely gives us the data to validate, or invalidate, the rally since March.

Earnings season begins while the S&P 500 sits at an important technical level. The 875 level was previous resistance 3 times, and then acted as support on 3 tests. Can the market hold the 4th test of support? We'll see how earnings play out.


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