PRE MARKET

S&P futures flat but NDX futures up decently…even though we do not see anything up of note on the NDX.

FINANCIALS started reporting today. WFC, JPM, C, JPM are all down pre-market. All have been acting better as of recent. Other financials down in sympathy.

Major indices continue to act fine. Out of the box recovery for the SOX/NASDAQ/NDX/TECH and all that crap as they have made a “U” in recent trading. One could say overbought near term but that has never stopped them from continuing.

Next week, EARNINGS IN DROVES:

Monday: BLK, NFLX

Tuesday: BAC, SCHW, CMA, GS, JNJ, LMT, AMTD, UNH, CSX, IBM

Wednesday:ASML, NTRS, USB, AXP, CHRW, CP, QCOM, UAL

Thursday: ALK, BX, BK, DHR, DPZ, DNKN, MS, NUE, SAP, TRV, UNP, AMD, COF, ETFC, EBAY, ISRG, MXIM, MSFT, PYPL, SWKS, V, WHR

Friday: AAL, GE, SLB, HON, STI

And that is just for starters.