All About Earnings – Free Market Analysis for the Week of July 24th

• stevenplace
• July 24th, 2011

Is It For Real?

On the back of less bad news from Europe and better news from earnings season, the market finished the week strong with the $QQQ breaking to all-time highs and the $SPY and $IWM threatening to do the same.

Here’s where it gets tricky – the market has been in a neutral, mean-reverting range since the beginning of the year. That means whenever the market looked like death, we rallied; whenever the breakout seemed imminent, we sold off.

So will we see a repeat of recent history? We try to address that question as well as:

• why the debt ceiling news doesn’t matter
• how a range in $USO could be the best thing for the markets
• why the $XLF and $SMH are important to the markets this week
• support and resistance levels for $AAPL
• the Stocktwits 50 for this week
• your individual requests

You can watch the show, on demand, below.

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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