The S&P 500 (INDEXSP:.INX) crossed the 1500 mark several times and settled near this psychologically important level after gaining about 1% during the holiday-shortened week. The Rydex Equal Weight S&P (NYSEARCA:RSP) gained about 1.33% as its performance wasn’t impacted by the significant losses Apple (NASDAQ:AAPL) posted. So far roughly 25% of the companies in the S&P 500 have posted earnings. Of these 62% beat revenue expectations while 67% exceeded earnings estimates – certainly much better than most expected.   The Trade:   Economic and earnings news continues to impress both in the US and in Europe. Continue to rotate ...