James "Rev Shark" DePorre, a Real Money contributor, is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He operates sharkinvesting.com, an interactive online community that serves and educates active investors.
Earnings season continues to be upbeat and there are no signs of the economic weakness the bears were looking for.
Positive headlines aren't turning into sustained gains, making traders think twice.
Most of the recent corrections have started with strong intraday reversals on positive or benign news.
So far, the fears of a gloomy earnings season have not materialized, but most of the big guns have not yet reported.
Will earnings spice up trading as Monday's action turned dull?
I'm waiting to see where we are late in the session before making any major buys.
We have some minor strength to start the day but earnings reports this week will be critical.
For small investors and traders without the resources of major funds, the price action is a cheap road map.
After what happened to Microsoft stock on its superb report we now have to be a little concerned.
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