Monday, July 11, 2011

Market Comment 07 11 2011

A disappointing employment report was the catalyst for a Friday morning market selloff.  A late day rally into the close pared the market losses, but equity futures foretold today’s weakness.  That being said, the market still has substantial bullish potential. Earnings season begins today. Analyst expectations have been lowered over the past few months such that surprise potential favors the upside. Accordingly, the market remains in the bull's court. Earnings will be the key.




(Click on chart for easier viewing) 



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