Some of the good earnings reports and good guidance are reversing market psychology. In general, we're probably heading for a good earnings season.

The earnings period has been pretty good so far, ... But its having a limited impact on stocks because the market is discounting higher interest rates in the months ahead.

We're at the end of the quarter so there is some window dressing. The focus is now totally on earnings, and this earnings season looks as though it will be strong if not stronger than last quarter.

We're in the midst of a technical correction, and I suspect for the next week or so we'll trade within this range. The market has already discounted a lot of the economic and earnings news.

Earnings news has been discounted and investors are looking for a reason to take money off the table, ... Today, they found that reason in Microsoft's sales projections.

I like stocks that have potential earnings possibilities. Those are the ones that could someday be market leaders.