Markets were closed today due to Good Friday, so nothing to report trading-wise. As I think about next week, I'm very comfortable that I'm all cash (with the exception of NFLX). I think the markets are overbought after the rally - although these are "momentum" markets, so you can flip a coin.
Goldman Sachs is reporting earnings on Tuesday which will be big. With the huge rally yesterday, it's almost built in that all the banks will (similarly) knock the cover off the ball. I think that Goldman can and will as trading and capital markets activity has been extremely robust, and they are as good as anyone in terms of taking advantage. However, I don't feel as comfortable for everyone else. Earnings may be decent at some places, but they won't be Wells Fargo decent. I may take a position in anticipation of GS earnings and sell right after they beat their numbers.
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