Avalanche of Earnings and Sector Rotation

I think this might be the busiest day all month for our holdings''
earnings... <!--more-->before we get to that, first a quick note on the market.

S&P
1400 remains a ceiling we need to get above to get fully bullish.
S&P 1350 is the floor; below that we turn into bears. So in between
(where we are now) we are a bit ambivalent, and for now remain range
bound as we have been for a while. The market does continue to shrug
off bad news so it would appear up is the more approximate short term
direction, especially if we get this "rotation" I spoke about - the
leadership in this market has been so narrow (luckily the type of
stocks we own), but that is not healthy.