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E-Mini S&P 500- cannot retain the altitude?  

The E-Mini S&P 500 tried to soar to the highs, but it took from early morning to almost the close to reach the high of $1320.50. The gravity of Cisco Systems Inc.'s weak earnings down 14% decelerated any potential ascend of the E-Mini S&P 500. If the lift of this market cannot climb through the previous high of $1322.25, we could see some topping action and a potential descent. Wal-Mart Stores Inc and Kraft Foods Inc came in with less than desirable earnings. Pepsi Co reduced their growth earnings (even after a cameo appearance by their CEO on Gossip Girl) and Credit Suisse missed their profit marks.   


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