BigTrends

Let's see, the last time we had such a big week with potential potholes was...um...last month!  We are chock-full of news and market-moving events.  Let's start with earnings, which will be in focus for a second straight week.  We'll see the names delivering hot n' heavy, in the biggest week yet for earnings.  Economic reports will be hitting as well, and let's not forget a big Fed meeting...aren't they all big?  We may get a clue as to the committee's direction on interest rate policy.

This is also the end of the month, and currently the bulls have the upper hand, the SPX up about 4% so far for the month.  This could be the best April in quite some time.  Something to consider as well is the 1228 mark on the SPX, an area targeted by technicians as an important fibonacci level that could be some heavy resistance.  The VIX is still showing mass complacency, but that's ok if the trend is still in place.