The charts for U.S. Treasuries are showing that yields are rising, which is my signal that the FOMC will hike rates by the middle of next year.
The major equity averages begin the second half of 2014 at monthly, quarterly and semiannual risky levels, and so investors should be prepared to sell on strength.
Earnings from a payroll processing company may provide a clue to whether consumers can afford beer, wine and liquor for Friday's Independence Day holiday.
Joining this week's winner's circle are Barnes & Noble and Monsanto, while General Mills and Herman Miller are two other postearnings losers.
Google and Apple finished fourth and fifth in the momentum race that began on June 2.
Bed Bath & Beyond, ConAgra Foods, McCormick, Herman Miller and Winnebago will also report earnings before the end of this week.
Joining the winners circle after last week's earnings are Kroger and Red Hat, while Darden and Smith & Wesson are two other post-earnings losers.
Apollo Group, Barnes & Noble, General Mills and Monsanto round out the seven year-to-date winners who report quarterly results after this week.
Among eight exchange-traded funds that track major market indices, the headliners are the ones that track semiconductors, utilities and transports.
BlackBerry popped above its 200-day simple moving average on Wednesday in anticipation that earnings would be better than expected. That trend continues Thursday. Let's crunch the numbers.