"If you look at this earnings season in general, it's been disappointing, " said RyanDetrick, a senior technical strategist at Schaeffer's Investment Research.
"We don't think people are giving enough credit to the strength of the economy, " said RyanDetrick, a senior technical strategist at Schaeffer's Investment Research.
"Consumer discretionary has been hit pretty hard since its peak in April, but consumers are not as tapped out or fearful as they are made out to be, " says Schaeffer's Investment Research technical strategist RyanDetrick.