iRobot Corporation reported strong earnings and improved year over year revenues for the third quarter of 2014.

We missed on SDS (ultra-short S&P) but that was a hedge and we are still using it into June. We missed on PNRA and that's just a better opportunity to get in.

Welcome back! Not just from your holiday weekend but welcome back to the top of the S&P as we attempt our 7th breakout of the year.

1,900 on the S&P, 16,600 on the Dow! The month isn't quite over yet but we're up about 3% for the year now although, as Dave Fry points out, on record low volumes – which makes the whole thing sort of suspect.

Three out of five indexes look very good! The same can be said about a dog with three legs and no tail, I suppose. So, the question is, is the market a dog in a nice sweater or whatever the metaphor would be for something where 3 healthy guys drag two dead guys around and win the race.

Look at the Nasdaq! Are you seriously still holding onto your Dow, S&P and NYSE stocks? That's exactly what people did in 2008, when they were so used to the markets being saved whenever they dipped, that they ignored all the warning signs – until it was too late.