Good earnings continue to pour in after hours

The market has been able to build on its strength in the after hours session. The S&P 500 futures are are higher by about 0.5% in the after hours session. Earnings from Apple and Qualcomm were very good. I think there is a good chance that the market may play out the path that I had first thought of in early April, that we may hit new highs during the earnings reports and then sell off in late April. The bad reports from the financial sector last week sort of head faked us.  I think US corporations continue to manage themselves superbly. I think there are some macro headwinds developing over the next few months so I do think once the Euphoria from these earnings subside, the market will look forward and sell off.

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