A diary of the thought process behind my investment decisions
The market is clearly biding time until earnings. I doubt we will see a repeat of last earnings season when the market took off like a rocket ship. The market was oversold on a short term and intermediate term basis when earnings season kicked off and investors were highly skeptical. At present the market has room to rally into the end of the week but will then be overbought. Any rally is more likely to be a climax than the beginning of a new leg up.