ISM sell the news

Seems that the expectations of 50.5 were beat handily today with a reading of 52.9. Alas the market sells the news. This should tell you something when the market sells good news. It was already priced in, hence the run we've had. Always be aware of this type of action. If a market is strong in the face of bad news that is not a market to go short. And a market that shows weakness in the face of good news is not one you want to be long. At least not yet.