Angus Campbell Good Quotations

If we get a good figure, this could push the Dow through 9,000, which will be a big test. It could really make all the difference.

Bulls have been crying out for a good end to the earnings season, and this will only encourage them to push the market higher, especially if oil prices continue to remain low.

Even though there have been a few fund managers cutting their exposure to U.S. equities, the earnings season has proved almost as good as Q3 last year and subdued oil prices could help lift confidence levels. Just over 65 percent of companies in the S&P 500 that have reported have met or exceeded forecasts.

The story of the morning is GM. Their stock is trading a lot lower in Europe, indicating that they will decline by about a dollar when they open up and that has affected the futures. This news could eradicate any good coming out of the corporations reporting today.

Clients remain largely bearish of U.S. indices on the whole but a good start to the week by Asian and European stocks means the U.S. futures point to a positive start.

The market's attempt to trade through 10,490 twice on Monday has given sellers a good opportunity to dominate the last couple sessions as the Dow is clearly struggling at this top end of its current trading range.