Market Should Be Down More

When the market doesn't go down as much you expect on a consensus miss for an economic report, it speaks to underlying strength and demand for stocks.  This was a woeful miss, especially with high expectations coming from the ADP number.  I think we're going higher today because we're still not at levels where you have willing sellers. 

I am sitting on the sidelines waiting for an easier trade, trading right now seems to be exchanging fire in the front lines.  I'd rather be a sniper waiting for a sure shot from safe range.