So Much to Talk About

• Financials continue to post good earnings. Credit Suisse profit exceeds forecasts.
• Apple blows the lid off. Apple came in above on the top and bottom line.
• AutoNation beats expectations and is up $3.42 (+20%) in pre-market trade. It is back to $17.70.
• Continue to tee up names in leading sectors in the case that the S&P moves through 877 and 943.

Will financials prove to lead this market out of the cellar once again? Despite the paradigm shift in the financial sector and the implosions that ensued it is logical to think that the backbone of the economy, the financials, will indeed pull through again.  

And remember, the US citizen has the shortest memory on the planet.

Financial sector is setting up for a breakout. SPSY currently 137.51 and we'd been watching the 138/139 level. On UYG, it's $4.