Getting Close To The End Of Earnings

May 4th, 2010

We are getting close to the end of earning season folks. Today Merck (MRK.N) is expected to report that its earnings rose by 1 cent per share to 75 cents along with other major companies to announce results which include News Corp (NWSA.O), MasterCard and NYSE Euronext. Should be an interesting day once again for these titan’s of industry.

Per the SPX intra-day chart, the violent swings continue. If the past couple of weeks is anything to go by, then today’s sell off could bring us right back down to support.

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