There are many technical analysts who have noted the upside breakout. I am not one who would look at the broad market in a positive way, but individual stocks that are in your portfolio could be (and should be) moving higher.

This market strength may be a time your long positions are gaining nicely. If so, that's great. My concern is only that this is the time that traders have to watch their holdings like a hawk, and to refrain from buying the new stories being peddled today on Wall Street.

A lot of those stories are designed to help distribute the holdings of their biggest clients -- like biotech maybe?

Also, I am noting a parade of CEO's to CNBC talking about how successful their companies are in China. This is nothing but timely stock promotion, and should be dismissed. In fact, I say shame on these executives. Would they have agreed to go "on parade" had the China situation turned negative today?

I look for integrity in corporate management, and clearly, watching some of these CEO's try to exploit a situation leaves much to be desired.

BTW, have you noted that since Boeing (NYSE: BA) dismissed the previous CEO -- Harry Stonecipher -- I have not had a bad thing to say about that company. I like the Board, and the new CEO is a winner.