"EARNINGS FOCUS: Company earnings will be an important focus for the market in the coming weeks. Companies in the S&P 500 are expected to report that average earnings-per-share shrank by 3.1 percent in the first quarter, according to S&P Capital IQ. If the forecast proves accurate, it will be the first time since 2009 when the U.S. economy was emerging from the Great Recession that earnings have contracted."
"Oil companies are suffering from a big drop in oil prices and a rising dollar will crimp profits for big multi-national companies that make a lot of sales overseas.THE QUOTE: "If the U.S. market is going to advance this year, it's going to need to advance mostly on the back of earnings," said Russ Koesterich, chief investment strategist at BlackRock. "That has been a struggle so far.""
http://finance.yahoo.com/news/us-sto...152854782.html
Decreasing earnings, decreasing oil, and what appears to be coiling equities charts are enough for me to pull the plug for the time being. Nice start to the year, no need to get greedy at this point.
DWCPF chart...S Fund.
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