Economic data Tuesday was mixed as Auto Sales continued to climb with most reports featuring double digit growth. Remember self-financing by auto makers has allowed anyone with a pulse to purchase a vehicle. On the other hand Factory Orders continue to tumble at -1.00% vs prior data reduced from -1.7% to -2.1%. The worst part of orders are they dropped year over year for the 11^th month in a row.

Most indexes gained on the day but did see some profit-taking towards the close of trading. This isn’t surprising as I believe the potential for gains is only to the highs of the previous trading range and we’re almost there.

Emerging markets continued to gain as did commodities given a large increase in oil prices on the day. Bond yields rose as some believe an interest rate hike may be closer than some think. Further, JP Morgan said ZIRP policies are slowing and not adding to economic growth. Let’s remember they’re owners of the bank.

Market sectors moving higher included: Dow (DIA), Retail (XRT), Biotech (XBI), Energy (XLE), Oil & Gas Exploration (XOP), Alerian MLP (AMLP), Tech (XLK), Emerging Markets (EEM), Mexico (EWW), Brazil (EWZ), Russia (RSX), South Korea (EWY), Taiwan (EWT), Asia ex-Japan (AAXJ), Canada (EWC), Australia (EWA), Malaysia (EWM), Crude Oil (USO), Natural Gas (UNG) and others.

Market sectors moving lower included: Healthcare (XLV), REITs (IYR), Consumer Staples (XLP), Gold (GLD), Gold Stocks (GDX), Silver (SLV), Bonds (TLT) and so forth.

The top ETF daily market movers by percentage change in volume whether rising or falling is available daily.

Volume was modest and breadth per the WSJ remains positive.

After the close of trading API Crude Inventory surprised with more of build than was expected cutting back the day’s gains.

Nevertheless crude prices are now dynamic at low levels.

Wednesday features the occasionally important ADP Employment Report, International Trade, PMI Services Index, ISM Non-Mfg Index and EIA Petroleum Status Report.

There will be another week of S&P 500 earnings, featuring mostly retail names.

Let’s see what happens.