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All eyes are on company earnings as the stock market has overshot to the upside

Earnings season is ahead. So this is a good time to review your stance on the U.S. stock market.

Let us explore the issue with the help of a chart.

Chart

Please click here for an annotated chart of S&P 500 ETF SPY, +0.08% For the sake of transparency, this is the same chart, without any changes, that was previously published. Investors may also want to observe similar behavior on the charts of the Dow Jones Industrial Average DJIA, -0.32% Nasdaq 100 ETF QQQ, +0.25% and small-cap ETF IWM, -0.17% Not all of them produce a golden cross or a death cross at the same time.

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