Yesterday was another classic consolidation day, within the context of a positive trend. We lacked significant economic data yesterday, but we’ll more than make up for it over the rest of this week. Once again, this was a market hitting on all cylinders. In our Cantor Strategists meeting yesterday, we discussed the fact that the deep concerns in Greece, the EU, and other emerging nations has provided a repatriation of funds to the US and some “flight to safety” investments out of these other markets and into our markets. This has allowed all asset classes to rise. The dollar was stronger throughout much of the day, but crude and gold were significantly higher. That led to a rally in Energy and Basic Material stocks. An early pullback in Tech found no sellers. Despite the fact that the major averages ended the day little changed, advances trounced declines by better than two to one on both the NYSE and NASDAQ. A move like that is typically reserved for very strong days. Perhaps all of the negative talk about bad weather detracting anywhere from 100,000 to 250,000 jobs has investors bracing for a number so bad that we could see a surprise on the upside. While we haven’t gotten the “test” I was expecting to see, there are several economic reports yet to come this week. However, timing is sometimes as important as price. Once we get to the end of March, we want to be long before earnings season. If it means getting long up here, then the higher base will give us only higher April/May objectives.