Patience

I was going to come into this saying the market is just a casino for traders to make money. On days like this where economic data continues to come in atrocious it certainly feels like rolling dice:

Dec. factory orders declined for the 5th month in a row. The 3.4% plunge is the second largest monthly drop since Mar. 2013.

U.S. factory order declined by 3.6% for the year ended Dec. 2014. That is the largest year-over-year decline since Nov. 2009.

The market staged a massive rally off that data. Crude Oil also ignored the fundamental oversupply/underdemand paradigm it is in and staged an impressive rally today. I get it, oil crashed and was likely due for some sort of bounce but the hard data continues to come in negative and I don't see it actually bottoming until the supply/demand paradigm balances. the USD did back off a little bit and helped commodity prices go up but I expect the weakness to be short-lived. The rest of the world is still lowering interest rates in the race to the bottom.

Easing in 2015: Singapore, ECB, SNB, Denmark, Canada, India, Turkey, Egypt, Romania, Peru, Albania, Uzbekistan, Pakistan, Russia, Australia

This is the 2nd most Overbought Stock Market in History

Downward earnings revisions outpacing upward revisions by 8.6%, the most since the financial crisis.

Look at the growing divergence between Forward EPS and prices

In the short term day-to-day fluctuations the market may act like a casino but ultimately the fundamentals will catch up with this market. Notice how earnings started to drop off at the same time we ended our QE program. QE was the lifeblood of the rally without it earnings will most likely begin to taper off, especially if the Fed follows through on their promise to raise interest rates.

If the economy was really strong, you would think that many people would own homes. Homeownership is at a 20yr low

I found your inflation

This era of ZIRP is unprecedented and if rates do not begin to rise all of the malinvestment the loose money policy has created will eventually implode. The longer the Fed lets this go on, the worse the eventual fallout is going to be. It is impossible to lower rates from zero. The Fed is out of cards.

Look at this chart. Notice how the selling has began to lose velocity. The buyers have recently been rejecting the notion of going lower. There is a Bullish RSI Divergence. Would this be a good time to buy this stock at a potential bottom?

The market might not clearly see it yet but I do. The pendulum is extended and about to swing the other way. When swing trading it is very important to remain focused, patient, and disciplined.

For now I remain patient. Let the robots fight the day to day skirmishes. I have much greater ambitions than a few points here and there. I may end up be proven wrong but I doubt it... Just give it some time