The markets are looking towards the government over the rest of the week. This is a good reason for a pause day today and maybe even a little downside. The politicians have days to complete some sort of debt ceiling resolution or face a possible U.S. default. While unlikely, the market hates uncertainty.
Earnings will continue to be reported in the next few days, however, with such good earnings driving the markets higher, future earnings reports must be even better to get the same market reaction. Note today how Apple Inc. (NASDAQ:AAPL) is having little impact on the markets. They reported a stellar quarter but with such gains in the markets already, it appears it was already priced in. Take the seven day free trial of theResearch Center and start getting swing trade alerts from the pros. These trade alerts have a 90% success rate and are unparalleled in the world. Join now.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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