Wouldn’t get twisted that the market sold off late in the day it is just overbought and needs rest. The financials (which are not leaders) seem tired into resistance .Whether or not market rests is another story.
The big story is the great reactions to earnings in many names like TMO, ANTM, IRBT and WYNN. It is these names and reactions we concentrate on going forward as they look to set up off their moves.
There is a ton more earnings coming out. Tomorrow, GOOGL, AMZN, INTC, MSFT, SWKS, SBUX, GILD, EXPE and that’s for starters. We would not mind at all if market rests a bit. In fact, it would be the best thing for it.