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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 ...

Nice start - 2011 gets off to a great start as we saw a sharp breakout above the recent tight trading range. The Dow gained 93-points and the other major indices all saw gains of between 1% and 2%...

Market Commentary for 1/04/11

Current Daily Market Commentary

I don't know if I mentioned it previously, but I would have been surprised if the market didn't rally out the gate today. And while anyone can make a case that sentiment is flashing warning signs just about everywhere one looks, it's still a bull market and the trend is up. Breadth was very good today to boot.

Not that I think the market needed any reason to continue higher, but we did have some market data to support higher prices.

Construction spending in November ...