Alcoa officially kicked off earnings season. Earnings are being reported all the time, but earnings season is when most companies report their earnings. The big earnings months are January, April, July, and October. It usually starts in the second week of these months and lasts about 4 weeks. Alcoa is the company that officially begins the earnings season. They had a great earnings report which should move the market higher tomorrow. The market pulled back a bit today which was expected given the move over the last two days and the anticipation of the Alcoa earnings. This pull back also gave some a second chance to get into positions. This is going to be an interesting earnings season. Companies won't be able to get by with losing less than they did the quarter before or beating on the top line. The market wants to see real growth. So far it seems that the market expects earnings to be okay...but I think there could be some volatility. If you've been sitting on the sidelines, it's time to put some money to work in the market. I still think the bulk should be in cash (cash refers to money that is out of the market and sitting in your account), but some money needs to be put to work...or you'll miss an opportunity. I won't list the picks from a few days ago, but most of them are still in good buy positions. Here are a few more: FSLR, AKAM, BJ, NANO, and PCX. I expect success stories to come in by this weekend. Please take the time to send those to me.
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