Thoughts on This Week

Early Monday morning, US futures indicated a weak market opening -- and strength in the US dollar had commodities looking to trade lower.

While the Bulls have maintained their slight edge, some stocks have felt a bit tired of late. But last week did find the major indices looking fine from an intermediate technical view -- which signals that the Bulls can certainly continue to trudge this market higher.

For our part, we are maintaining an "eagle eye" and are never too trusting. And we have one of those eagle eyes focused on the strength of the US dollar, especially with respect to commodities.

Emerging market stocks have been strong, especially China and India -- and tiny biotechs have been rocketships lately.

But it seems that the market, for the most part, continues in its trading range -- and we expect to continue to sell strength and buy weakness. Chasing stocks, not for the faint of heart, is not our style -- so we are selective with buys, preferring to show patience in waiting for stocks to come to us. The primary mission, as always, is in protecting capital -- keeping gains.