an tSionna {04.26.13}

I said a week ago as the market's were poised at resistance that it was time to see if the Bulls could notch a save.  Well the bulls brought in Mariano Rivera who pitched a shutout!  Market turned around and headed higher.  Now we are flirting with all time highs!

Earnings season has by and large been just ok.  A lot of companies are beating estimates with weak top line growth but are achieving success controlling costs.  In general forward guidance has been on the weakish side.  Right now though the market doesn't seem to care.   Whether that will remain the case as we go forward into our historically weak market season remains to be seen.

Chart by way of Finviz.com.

*Long ETFs related to the S&P 500 in client and personal accounts.