Friday recap

Markets just chugged sideways on Friday in what was an extremely narrow range day on the SPX. Market internals all finished mildly positive but volume came in well below average. Cumulative ticks finished at +30,000. All of this seems to suggest that perhaps momentum is stalling at this point. I'm thinking we might get some short term weakness here. Probably  a days worth given buyers have been stepping in anywhere below 1170.

I am holding onto my earnings positions at the moment which are GS, ESI, NFLX, BIDU, AMZN. I will give a more detailed summary later today.