Markets hung tough with the Nasdaq flexing its muscles as it continues to be the market leader Tuesday. The tech heavy benchmark rose by .15% overcoming deficits near .5% in the morning hours. It should be construed when the Nasdaq is the leader that the bull is healthy and it is still very early but the Nasdaq is looking to outperform the S&P 500 for a fourth consecutive year. Currently the margin is 4.3% for the Nasdaq and .8% for the S&P 500 3 1/2 months into 2015. Leading groups Tuesday were defensive in nature with the utilities the top performing group, but the worst performing group was also conservative with consumer staples. Among that group the one that puzzles the most is KMB which if lower this week would make it 5 straight, a feat not accomplished in more than 4 years dating back to the weeks ending between 2/8/11-3/18/11. A name in the opposite sector, the consumer discretionary, that confounds me more is REV. This former penny stock name, and just perpetual loser which underwent the dreaded 1:10 reverse split back in November of 2008 is frightening. Is Ron Pearlman still running this firm? Credit must be given where it is due, but I can hear the bears chuckling you can put lipstick on a pig……..

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