Friday the market is closed due to Good Friday, so enjoy the three day week. Looks like most traders have headed out of town as the volume the past three days has been dismal – nonexistent really. But with earnings gearing up, the market will get a legitimate test to the rally that it has been on over the past month or so. If the earnings aren’t as bad as expected, we could see the next leg up in the market, but if we only meet expectations or under-perform, it wouldn’t surprise me to see us sell off hard.

Here’s the Nasdaq and S&P charts…