The market ended mixed today. There seems to be some confidence that the Greek debt crisis is going to be resolved. I don’t share that confidence but it doesn’t matter. What matters is that the market has been going up, so we’re sitting tight. No changes in the portfolio for tomorrow.

It was a decent week, considering the European turmoil. Friday was mixed. Today, the US markets are closed for the President’s Day holiday, but the European markets are up. As I’ve said before, I think that the optimism is irrational. Greece is almost undoubtedly going to default. But as I’ve also said before, what I think doesn’t matter. The market is going up, therefore, we should be buying, not selling, or at least holding pat. No changes in the portfolio for tomorrow.

Housing looks a little better, the jobless claims were down and Europe, for today at least, is quiet. What’s not to like? A nice day. OGE, however, has hit my sell point and went for a small loss. No changes in the portfolio for tomorrow.

It’s finally dawning on the market that Greece may not have a happy solution, so today was down. Will tomorrow be down as well? Greece, by itself, does not mean much. It’s economy is small. It’s contribution to the European GDP is miniscule. However, if the Euro falls apart, there will be generalized economic chaos. That will not be good for the markets. Still, the markets have been largely discounting all of this, and one bad day does not turn an uptrend into a downtrend. No changes in the portfolio for tomorrow.

The market was down in the morning, largely on news of the European downgrades, but recovered almost all the way by the close. This is obviously bullish action and bullish action, regardless of what the fundamentals appear to be, are what we want to see. No changes in the portfolio for tomorrow.

An excellent day on hopes(yet again, that the Greek debt crisis is behind us. Frankly, I doubt it, and considering the downgrades in European debt this evening, I also doubt that tomorrow will be as good as today. Still, the uptrend continues. No changes in the portfolio for tomorrow.

The market had a down day on Friday, and the market was down just a bit for the week. Frankly, we’re probably overdue for a correction. It’s been pretty steadily upward for over three months. Still, one or two down days does not derail an uptrend, so I’m still in buying mode. I will be adding one new stock at the open tomorrow: FAST, limit 49.

A routine up day after a routine down day. The uptrend remains intact. No changes in the portfolio for tomorrow.

A mildly down day, ostensibly on news that the European negotiations with Greece are not going well, but I get the impression that a Greek default is already built into the current price of equities. In any case, it was a mildly down day, nothing to cause concern that the current uptrend has hit the wall. No change in the portfolio for tomorrow.

Europe has not yet imploded and the unemployment report came in better than expected. Frankly, it’s hard to take all of this seriously. Greece is almost undoubtedly going to default (they’ll call it something else) and real unemployment is at historic highs and not getting any better. However, as I’ve said many times, my strategy deliberately disregards what I think should be happening and focuses instead on what actually is happening. The market is going up, therefore, I’ve been buying.