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The Seven Sentinels remain on a buy after today, but I need to raise the caution flag given their current condition. More on that in a bit.

It was a lackluster day on Wall Street as the major averages closed mix, with the DOW, S&P 500, and Wilshire 4500 (S fund) closing modestly lower at 0.22%, 0.21%, and 0.21% respectively. The Nasdaq ended the trading session with a 0.28% gain. The EAFE (I fund) was down a more substantial 1.15% in large measure due to another rally in the dollar. ...

Profit taking and dip buying - Stocks rallied yesterday after the release of a strong weekly ADP jobs number. The Dow gained 32-points but the broader indices performed even better...

Market Commentary for 1/06/11

Current Daily Market Commentary

In a market as strong as this one it can be quite difficult to find comfortable entry points. Weakness, when we've had some, has not lasted long at all. So while I had hoped for a follow-through day to the downside today, I was under no illusions that I would get what I wanted. Which is why I entered the market today in the one sector that was red. The EAFE (I Fund).

Although stocks immediately began trading in the red, they quickly turned on the ADP employment reading, which showed ...

Profit taking and dip buying - Stocks opened higher yesterday, but sold off into the early afternoon before we saw the dip buyers jump in and move the indices back toward the highs of the day...

Market Commentary for 1/05/11

Current Daily Market Commentary

It was a somewhat mixed market today as the DOW managed a 0.18% gain, while the Russell (-1.6%), S&P 400 (-1.1%) and Nasdaq (-0.38) all closed in the red. Our C fund, which tracks the S&P 500 was only modestly lower with a 0.13% loss, while the S fund was down much more significantly at -1.03%. The I fund, which tracks the EAFE was down a relatively mild 0.31%, which was due in large measure to the dollar's 0.3% gain.

Market data released today included November factory orders, which ...