We had a very high level of nervousness all week as we reacted to the struggles in Europe and the political battle over the debt ceiling. After four straight weak closes the market put in a decent finish on Friday afternoon of option expiration. The good news is that Google kicked off earnings season with a good report and sooner or later we are going to see some sort of deal on the US debt ceiling despite the recent drama.
Technically the indices are in ok shape with the stronger close today. We have support nearby and are less extended in either direction. I have read several views that would point to early week weakness followed by a mid week rally.We will have to see which way we break next week as earnings continue to roll in.
