Good morning everyone.  Today is the official kick-off to earnings session with AA reporting before the bell today.  I urge everyone to take the time to check when a company reports before adding new positions as well as those you are currently holding.  The last thing you want is to be reminded of an earnings report with a big gap down in price on stocks you own.

Yesterday the market left us shooting star candle pattern at the 50 SMA on the DIA.  Not exactly inspiring confidence…however, it’s all about the follow through.  A shooting star pattern on its own means nothing unless there is a follow through with a bearish candle printed today.

Futures were bearish most of the night with Asian markets closing mixed but the Euro markets continue to remain in the green so far this morning.  My suggesting is to move slowly this morning,  Let,s give the market 20 to 30 minutes to process before adding new positions.

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