I don't think these particular earnings are going to mean much for the market in the short term.
I would guess that the trend is to the downside for the time being. With oil up around $55 a barrel, the economy slowing, corporate profits slowing, I think the market remains vulnerable.
Right now the stock market is following the price of oil, and in the intermediate term, oil prices look to go higher.
It's a slow recovery and I think the stock and bond markets are reflecting that. Job growth is not picking up at the level we had hoped, oil prices are up above $53 dollars a barrel, and the consumer is strapped.