The market is trying to shake that trend of closing lower the day after being up 2% or more on FOMC decision day.  The difference today is earnings in names across a wide swath of the economy.

After the bell more companies are reporting, including Amazon (AMZN). Estimates have come way down, and the stock has been hammered after reporting.  The stock is heavily shorted, however, and could spark a big squeeze.

Apple (AAPL) also post results after the close.  The stock has been better than Amazon, but still not the apple of the eye of all of Wall Street, as it once was.

Although we continue to proceed with caution, I am loving this action. If the PCE inflation number is below consensus tomorrow, this could be a monster week.