David Fry's Market Outlook for Tuesday

Markets need fuel to maintain bullish momentum, and for stocks that energy will have to come from good earnings news. Earnings reports will start in earnest today.

Elsewhere, in a news vacuum especially with bond markets closed, most sectors [the dollar, gold, oil, stocks, etc.] reversed course Monday. Volume remained light.

Treasury markets were closed in observation of Columbus Day and that just led to a quieter trading environment.

Earnings are what should matter most. AA leads off today and as usual might have some quirky aspects to its report. Then over the next few weeks most other companies will report. Let’s see what happens.

Disclaimer: Among other issues the ETF Digest maintains positions in: UDN, GLD, USO, SPY, SSO, QQQQ, QLD and FDN.