With earnings season on the horizon, the bottom line could prove to be our catalyst back to the upside, as lofty expectations have been deflated with stock prices over the past few days.
There's going to be a lot to filter through.
Backing and filling is definitely going to be the name of the game here for the next couple of weeks. We're living on a number-by-number situation with earning season in full tilt right now, so, we're going to keep an eye on the earnings. And so far earnings have been quite good.
It looks like profit taking more than anything else. The Nasdaq has had a nice five-day run.