A very old Wall Street expression and one of the most valid is "don’t fight the tape". Although I have been solidly bearish in recent weeks I now think that the market is poised for a ride on the upside. During the past week the market had lots of reasons to sell-off big time but for the most part, stocks held up well and the averages finished the week on the upside. I have pointed out that stocks are on average are modestly valued and some bargains were available. The shopping started last week and will likely resume with renewed vigor this week.