After some hesitancy, the market finally got its footing.  I think investors are looking to get in ahead of potential blockbuster earnings results after the close.

Mark Zuckerberg stepped up to the plate and overcame extremely low expectations to help power this market today.  The bar will be higher when Apple (AAPL) post is results after the close.  Can Tim Cook deliver?

Until the last time out, Apple stock was smacked five quarters in a row on earnings when the street wasn’t expecting much – will they deliver in a little more than two hours?  I think the answer is yes.

Last time Amazon reported the stock rocketed 11% for the day and 13% for the week – the best reaction going back April 2015.

Note: both are legacy positions in the Hotline Model Portfolio. I think every investor must own these behemoths long term.

Holding

Major indices are holding pretty nicely, and that could trigger more enthusiasm – sign that sellers (for now) are exhausted.  With the latest round of paper hands out of the way, smart money will be eager to pounce.

But there is a long way to go – see chart.