James "Rev Shark" DePorre
Recent Articles By The Author
There is a good foundation for more positive action in the week ahead.
Small-caps have outperformed, which helped to produce improved breadth and better stock picking, and the action is no longer being driven by trade headlines.
Without danger of major macro news and with earnings landing, investors focus on merits of individual stocks once again.
It's a good time to focus on stock picking.
As earnings such as those by Netflix and IBM land, investors are again shying away from momentum stocks and moving into value names.
This is a market that wants to focus on earnings, central banks, and other positive issues.
Market players celebrated news from JPMorgan Chase, Goldman Sachs and Citibank -- and it spilled over to the broader market.