Earnings Season Is Still Going Strong.

The market has sold off to a level that has marked a buying point over the last few years.

History doesn't always repeat itself, but it is worth nothing what is happening now and comparing it to other pull backs.

Perhaps the momentum will continue to the downside, but short term its worth keeping an eye out for a bounce.

S&P500 futures have rallied off late Friday's lows - but the market is not out of the woods yet.  Stocks started last week off with a nasty sell-off the brought back memories of a few months ago when the market looked on the precipice of a collapse to multi-year lows.

A terrible jobs number and continued ugly economic data sent stocks soaring as market participants took these as clues that easy money will never die.  The rate hike for 2015 was off the table.

The great jobs report two Friday's ago had economists putting a rate hike back on the table for December with 93% of those economists now thinking a hike is coming before 2016.